Loading ...Barrick Mining is preparing a highly anticipated initial public offering (IPO) for its North American gold assets, which include its lucrative mines in Nevada and the Dominican Republic. The spin-off company will hold a minority stake with a primary listing on the New York Stock Exchange (NYSE)
The upcoming public offering includes the following specific details:
- Target Date: Barrick is aiming to complete the IPO later in 2026. [1]
- Asset Portfolio: The newly formed unit, known as North American Barrick, will consist of mines in Nevada (including Nevada Gold Mines, operated jointly with Newmont), the Pueblo Viejo mine in the Dominican Republic, and the 100%-owned Fourmile project in Nevada. [
- Deal Structure: Barrick intends to sell a minority stake (approximately 10% to 15%) in the new entity, while retaining a significant majority controlling interest.
- Leadership: Mark Hill has been appointed as the President and CEO of the new North American entity, which will also feature a fully dedicated executive team. [1]
- Advisors: Barrick has tapped Goldman Sachs alongside M. Klein & Co. to guide the IPO, which could potentially value the North American assets at over $60 billion.