Barrick's deal-making chairman was paid $12.9 million in 2018


By Anders Melin
Bloomberg News
Friday, April 5, 2019

Barrick Gold Corp. boosted Executive Chairman John Thornton's total compensation last year by 67 percent to $12.9 million, rewarding the former investment banker for the company's performance and his role in the merger with Randgold Resources Ltd.

Thornton received a $9.74 million bonus on top of his $2.5 million salary, according to a regulatory filing today. He used most of the after-tax proceeds of the bonus to buy 215,000 Barrick shares, the filing said. He also got about $625,000 of pension contributions and perks, including insurance premiums. In 2017, Thornton got $7.7 million in total pay.

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Great Bear Doubles Fully Funded Drill Program
from 30,000 to 60,000 Meters, Adds Third Rig

Company Announcement
Monday, April 1, 2019

VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR) today reported that the company's board of directors has approved doubling of the current 30,000-metre drill program to 60,000 meters. The company remains fully funded for this expanded drilling.

Approximately 12,000 meters of the original 30,000-metre drill program remain to be drilled (see the announcement of September 20, 2018), with expected completion of the original program by July 2019. The extended program will continue through 2019.

The company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge and Dixie Limb zones along strike and at depth. The third rig will explore regional targets and assist with the Hinge and Dixie Limb drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition. ...

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The package was partly based on Thornton's work overseeing the $5.4 billion tie-up with Randgold, the filing said. The shares he purchased with his bonus must be held until he retires or leaves the company. ...

... For the remainder of the report:

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