Canadian-headquartered global miner Barrick Mining has confirmed its contemplation of an initial public offering (IPO) for its North American gold assets via a yet-unnamed subsidiary.
The company’s board of directors has unanimously authorized Barrick’s management team to explore the potential and, should an IPO be pursued, the subsidiary would be anchored by Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as Barrick’s wholly owned Fourmile gold discovery in Nevada.
Barrick said, following an IPO, it intends to retain a significant controlling majority interest while also retaining and driving value in the company’s other global gold and copper assets across its portfolio.
Mark Hill, group COO and Interim president and chief executive officer, pointed out that the action would be complementary to the board’s ongoing operational review and focus on maximizing value across Barrick’s portfolio for shareholders, particularly in North America.
“Barrick’s gold operations in Nevada and the Dominican Republic are among the best in the world, located in some of the best gold mining jurisdictions,” he said.
“Adding our 100% owned Fourmile project in Nevada, one of this century’s most significant gold discoveries, could put NewCo [the new subsidiary] in a league of its own. As we recently noted at our Q3 results, we are singularly focused on driving improved performance and shareholder value with the right teams now in place to deliver on our commitments.
“While we explore an IPO of our North American assets that could give new and existing shareholders more optionality around jurisdiction in a pure gold company with growth, we will not waiver from our commitment to operate safely, perform to our targets, and deliver our growth projects.”
The Barrick board has authorized the initiative through early 2026; the miner said it will update the market on its progress at the company’s full-year 2025 results in February. Any decision on whether to pursue an IPO and the timing thereof is subject to approval of its board and other customary requirements and approvals.
Source: Barrick