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Barrick to weigh IPO of North American gold assets

Barrick interim CEO Mark Hill says an IPO of North American assets could offer shareholders greater jurisdictional optionality.

Barrick interim CEO Mark Hill says an IPO of North American assets could offer shareholders greater jurisdictional optionality.

1st December 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Toronto-listed Barrick Mining on Monday announced that it would evaluate an initial public offering (IPO) of a new company that would hold the miner’s North American gold assets.

The proposed entity, referred to as “NewCo”, would comprise Barrick’s joint venture stakes in NGM in the US and Pueblo Viejo, in Dominican Republic, along with its wholly owned Fourmile project in Nevada.

Barrick said it expected any offering to involve only a small minority interest, with the parent retaining a “significant controlling majority interest”.

The move, which would effectively reverse Barrick’s 2019 merger with Randgold Resources, is complementary to the board’s ongoing operational review and focuses on maximising value across the group's portfolio for shareholders, particularly in North America.

COO and interim CEO Mark Hill stated that a potential IPO of North American assets would give shareholders "more optionality around jurisdiction in a pure gold company with growth".

“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,” he said. “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.”

Hill said the company remained focused on improving performance and executing growth plans.

“As we recently noted at our third-quarter results, we are singularly focused on driving improved performance and shareholder value with the right teams now in place to deliver on our commitments . . . we will not waiver from our commitment to operate safely, perform to our targets, and deliver our growth projects.”

The miner will provide an update on the review when it reports full-year 2025 results in February.
 

Edited by Creamer Media Reporter

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