Tonight in Toronto a celebration of the 25th anniversary of Peter Munk's Barrick Gold Corp. was held:
Barrick Gold Corp.' s head office is adorned with some of the most spectacular art one is likely to find in a downtown Toronto office.But these pieces were not picked up at any ordinary auction or gallery. Most of them once belonged to rival gold companies like Homestake Mining Co. and Lac Minerals Ltd. Those ancient miners proved to be no competitive match for Barrick, which bought them up at a frenzied pace over the past 25 years.
As Barrick swallowed rival after rival on Bay Street, it acquired their art as well. Today, the pieces serve in part as souvenirs from past conquests that turned Barrick from an unknown penny stock into Canada's only global mining champion in a very short time.
Peter Munk is one of the best, if not the best, of Canada's corporate titans, not to mention a committed philanthropist and promoter of freedom. Congratulations.
