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Peter Munk, Founder Of Barrick Gold, Dead At 90

  •, Thursday, March 29, 2018 8 AM

He founded numerous businesses in Canada, including a furniture and electronics business, a hotel chain and several real estate ventures. Then in 1983 Munk founded Barrick, starting with a tiny mine that produced about 3,000 ounces of gold in its first year of operation. Then in 1986, he bought an underperforming mine in Nevada called Goldstrike, which was producing 40,000 ounces of gold per year at the time.

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