Barrick Announces Passing of Founder and Chairman Emeritus Peter Munk
March 28 2018 - 3:01PM
It is with deep sadness that Barrick Gold Corporation
(NYSE:ABX) (TSX:ABX) (Barrick or the “Company”) announces the
passing of the Company’s Founder and Chairman Emeritus, Peter Munk.
Munk passed away peacefully in Toronto today, surrounded by his
family. He was 90.
Munk, an iconic Canadian entrepreneur and
philanthropist, was born in Budapest in 1927. When the Nazis
invaded Hungary in 1944, he escaped with his family, ultimately
arriving in Toronto in 1948 at the age of 20. An immigrant with
neither social connections nor a command of English, Munk
nevertheless felt welcomed by Canadians, and he would go on to
profess a lifelong love of his adoptive country. In 2011, he
remarked, “This is a country that does not ask about your origins
but concerns itself with your destiny.”
Munk founded Barrick in 1983 and built it into
the world’s largest gold mining company in less than twenty-five
years. He did so by leading a small team of partners who trusted
one another implicitly and who together balanced boldness and
prudence in the pursuit of fierce entrepreneurial ambitions.
One of Canada’s most significant
philanthropists, Munk donated nearly $300 million to causes and
institutions that were close to his heart. With his wife, Melanie,
he established the Peter Munk Cardiac Centre at the Toronto General
Hospital in 1997. Munk donated more than $175 million to the
institution, including a $100 million contribution in 2017 that
remains the largest single gift ever made to a Canadian hospital.
To his alma mater, the University of Toronto, Munk gave $47 million
to create what has become Canada’s preeminent degree-granting
institution for the research and study of global affairs, the Munk
School of Global Affairs. In 2008, he founded The Munk Debates,
which quickly became Canada’s most important public policy debate
series, bringing the world’s brightest minds together to debate the
biggest issues of our time.
For his leadership as an entrepreneur and
philanthropist, Munk received numerous awards and honors, including
honorary doctorates from the University of Toronto, Concordia
University, Bishop’s University, and the Technion-Israel Institute
of Technology. In 2008, he was named a Companion of the Order of
Canada, the country’s highest civilian honor, limited to no more
than 165 living Canadians at any one time.
Munk is survived by Melanie, his wife of
forty-five years; by his five children, Anthony, Nina, Marc-David,
Natalie, and Cheyne; and by his fourteen grandchildren.
Please visit www.barrick.com/peter-munk for more
about the life of Peter Munk.
His memory lives on with more than 10,000
Barrick employees on five continents, as well as the countless
individuals and communities he touched through his philanthropy in
Canada and around the world.
Details of a public memorial service will be
released at a later date. In lieu of flowers, donations may be made
to the Peter Munk Cardiac Centre (www.uhn.ca/PMCC).
INVESTOR CONTACTDeni
NicoskiSenior Vice PresidentInvestor RelationsTelephone:
+1 416 307-7474Email: dnicoski@barrick.com
MEDIA CONTACTAndy Lloyd Senior
Vice PresidentCommunicationsTelephone: +1 416 307-7414Email:
alloyd@barrick.com
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