Draslovka confirmed it has been selected to supply sodium cyanicde (NaCN) to the U.S.’s largest gold mine, Barrick Mining’s Nevada Gold Mines. The NaCN is 100% American, produced in Memphis, Tenn., and handled in Carlin, Nev. The company said it underscores its strong position in the North American gold mining market and shores up a U.S. supply of NaCN at…
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Barrick moving forward with IPO, taps Hill as CEO
Barrick Mining said it is working to prepare for an initial public offering (IPO) for its North American gold assets and has also named interim head Mark Hill as its permanent chief executive and president. According to a Reuters report, the miner is planning to spin off those assets into a publicly listed company at some point this year. Its…
Read MoreBarrick considering IPO for North American gold
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…
Read MoreBarrick appoints interim CEO
Barrick Mining has appointed Mark Hill as chief operating officer and interim president and chief executive officer, effective immediately, following the departure of Mark Bristow. Hill, who is currently responsible for Barrick’s Latam and Asia Pacific regions, is a seasoned mining executive with 30 years of experience. He joined Barrick in 2006 and has experience in strategy, corporate development and…
Read MoreBarrick sells Hemlo gold mine in Canada
Barrick Mining has reached an agreement to sell its Hemlo gold mine to Carcetti Capital Corp. for up to $1.09 billion. Upon closing, Carcetti will be renamed to Hemlo Mining Corp. “The sale of Hemlo at an attractive valuation marks the close of Barrick’s long and successful chapter at the mine and underscores our disciplined focus on building value through…
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