7/27/12
A good read on Barrick's 2q12
We call out bad work by analysts, we call out good work done too. Here's a link to the report on Barrick's 2q12 compiled by Scotia's Tanya Jakusconek that deserves a big shout-out for its concise manner and the way it catches all the important points of the filings and the ConfCall.
A good job of work, because in just two pages of bullet points you'll be up to speed on the world's biggest gold mining company. Link again here, just to make sure and kudos to Jakusconek.
Oh by the way, while we're on the subject I think we can put to bed the rumours that were floating around as to why Regent was sacked as CEO and thrown off the board of directors at the same time. It wasn't because he opposed a merger with Kinross, it was because he turned out to be a crap CEO who couldn't control costs (see Pascua Lama) and put his stock in crappy, über high capex projects (see Donlin, Casale) that simply don't fly. Mediocre bosses get fired, y'see.
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