Barrick Gold boosted executive chairman John Thornton’s total compensation last year 67% to $12.9-million, rewarding the former investment banker for the company’s performance and his role in the merger with Randgold Resources.
Thornton received a $9.74-million bonus on top of his $2.5-million salary, according to a regulatory filing Friday. 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.