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Barrick Gold must pay Ian Hannam’s firm $2mn in deal dispute

Summary by Financial Times
Court rules advisory firm played role in merger between Canadian miner and Randgold

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Vancouver SunVancouver Sun

Barrick Gold fined $114,000 for cobalt contamination from Hedley-area mine

It's the second administrative penalty against the mining company in the past three years for excesses of the heavy metal into Hedley Creek

·Vancouver, Canada
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Financial TimesFinancial Times

Barrick Gold must pay Ian Hannam’s firm $2mn in deal dispute

Court rules advisory firm played role in merger between Canadian miner and Randgold

·London, United Kingdom
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MiningmxMiningmx

Barrick ordered to pay $2m to dealmaker Ian Hannam

BARRICK Gold has been ordered to pay veteran dealmaker Ian Hannam’s firm $2m for helping to broker its merger with Randgold Resources in 2018. Hannam & Partners (H&P) had demanded up to $18m from the Canadian mining group, claiming it was central to the Randgold deal, but that it was “pushed out” at the last minute. This is according to a report by the Financial Times which said Barrick namechecked Wall Street rainmaker Michael Klein and involve…

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Financial Times broke the news in London, United Kingdom on Wednesday, March 12, 2025.
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