Barrick to Weigh IPO for North American Gold Unit

The Barrick Mining (TSX:ABX,NYSE:B) board has authorized management to evaluate an initial public offering of a new subsidiary that would house the company’s flagship North American gold assets.

According to a statement Monday (December 1), the proposed entity, referred to as “NewCo,” would include Barrick’s interests in Nevada Gold Mines and Pueblo Viejo, along with the company’s wholly owned Fourmile discovery in Nevada.

The company said any IPO would involve a “small minority interest” and that Barrick intends to retain a controlling majority stake if the transaction proceeds.

The review is part of the board’s broader effort to evaluate operational performance and maximize returns across its asset base, particularly in its strongest jurisdictions.

“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, the company’s Group Chief Operating Officer and interim President and CEO.

He added that incorporating the Fourmile discovery, which Barrick described as “one of this century’s most significant gold discoveries,” could position the new entity as a standout pure-play gold company.

Hill emphasized that the company’s operational priorities will remain unchanged during the process.

“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.”

Barrick plans to continue evaluating the option into early 2026 and said it expects to provide an update alongside its full-year 2025 results in February 2026.

The miner stressed that no final decision has been made, and any move toward an IPO would require board approval and supportive market conditions.

The evaluation comes as Barrick has recently resolved issues surrounding its operations in Mali.

The company has agreed to pay a US$430 million settlement and comply with the country’s new mining code in exchange for Mali’s release of its detained employees and the dropping of all legal charges.

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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.