Barrick targets November filing for North American IPO
The offering follows an August agreement with Newmont to contribute to their Nevada Gold Mines joint venture.
Barrick Mining has announced its plans to file for an initial public offering (IPO) of its North American gold business in November, aiming for completion either in the fourth quarter of 2026 or early 2027. The resulting company, called North American Barrick, would hold interests in Nevada Gold Mines’ Carlin, Cortez, and Turquoise Ridge operations, as well as Pueblo Viejo in the Dominican Republic.
The IPO follows a recent agreement with Newmont to contribute Barrick’s Fourmile project and Newmont’s Mike and Fiberline properties to their joint venture, with Newmont paying Barrick approximately $2 billion in return. Barrick CEO Mark Hill will lead the new company, with the IPO subject to market conditions, approvals, and securities registration.
Barrick's third-quarter results showed higher-than-expected financial performance, with gold output increasing 3% year-over-year to 816,000 oz., and net income up 1% to $1.3 billion. The stock rose 3.6% to C$59.28 upon the announcement, valuing the company at around C$97 billion. Analysts view the IPO as a significant catalyst for Barrick shares, with strong cost control and a robust balance sheet cited as positive factors.
Written by urgent.news from Mining.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
