Barrick Mining Corporation has named Helen Cai Senior Executive Vice President and Chief Financial Officer effective March 1, 2026, following the departure of Graham Shuttleworth after the release of the company’s year-end results. Ms. Cai, a board member since November 2021, brings more than 20 years of expertise in equity research, corporate finance, strategic planning, capital markets and M&A across mining, industrial and technology sectors. Her tenure at Goldman Sachs and China International Capital Corporation produced top-ranked research and multiple deal awards. As CFO, she will collaborate with Interim President Mark Hill to optimize cost structure, enhance cash flow generation and support Barrick’s capital allocation framework targeting free cash flow growth of 15% annually over the next three years.

Barrick’s Fourmile project in Nevada has yielded what company geologists describe as this century’s most significant gold discovery, with initial drilling intercepts averaging 12.4 grams per tonne over 18 metres and broader zones of 4.8 g/t over 45 metres. The discovery increases Barrick’s resource base by an estimated 1.2 million ounces of gold, extending the company’s Nevada output runway by five years and potentially boosting annual production by 3% from 2028. Capital expenditure for Fourmile is projected at US$320 million, with first gold pour targeted for Q4 2027. Analysts estimate that Fourmile could add US$150 million in annual EBITDA at spot gold assumptions once in full production.