Barrick evaluates IPO of North American gold assets

Barrick Mining Corporation (NYSE: B) (TSX: ABX) announced that its board of directors authorized management to explore an initial public offering of a subsidiary holding the company's North American gold assets.

The proposed subsidiary, referred to as NewCo, would include Barrick's joint venture interests in Nevada Gold Mines and Pueblo Viejo, along with the wholly owned Fourmile gold discovery in Nevada. Barrick stated it would retain a significant controlling majority interest in NewCo following any IPO.

The company plans to offer only a small minority interest to the public through the proposed IPO. Barrick would continue to hold and operate its other global gold and copper assets outside of the new entity.

"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," said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. "Adding our 100% owned Fourmile project in Nevada, one of this century's most significant gold discoveries, could put NewCo in a league of its own."

The board authorized management to explore this initiative through early 2026. Barrick stated it will provide an update on progress when it reports full-year 2025 results in February 2026.

Any decision to proceed with the IPO remains subject to board approval, customary requirements and approvals, and market conditions. The company emphasized that no final decision has been made regarding whether to pursue the offering.

The exploration of the IPO forms part of the board's operational review aimed at maximizing shareholder value across Barrick's portfolio, particularly in North America.

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