In a letter to shareholders, Peter Munk signals he is looking for a successor as chairman of...

|By:, SA News Editor

In a letter to shareholders, Peter Munk signals he is looking for a successor as chairman of Barrick Gold (ABX -0.9%), and seems to point to current co-chairman John Thornton as a top contender. While Munk has earned credit for creating the world's largest gold miner from scratch, ABX management has been under pressure to increase returns for shareholders.