It’s official. With former CEO Mark Bristow out of the way, Barrick Mining (TSX: ABX) is considering a break up of sorts. The company this morning indicated that the board of directors has authorized the management team to explore an initial public offering for Barrick’s North American gold assets.
The arrangement, if ultimately pursued, would see a subsidiary of Barrick holding the North American gold assets go public through an initial offering of what is being deemed a “small minority interest,” although specifics were not provided on sizing. The subsidiary would hold Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as the Fourmile project in Nevada.
If Barrick elects to move forward with the IPO, the company is expected to retain a controlling interest in the subsidiary, while also retaining Barrick’s gold and copper assets outside of North America. The process is said to be part of a larger operational review focused on maximizing value across Barrick’s entire portfolio for shareholders.
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“As we recently noted at our Q3 results, we are singularly focused on driving improved performance and shareholder value with the right teams now in place to deliver on our commitments. 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,” commented interim CEO Mark Hill on the matter.
The concept is expected to be reviewed through early 2026, with a decision expected to be released in February, in line with the release of 2025’s financial results.
Barrick Mining last traded at $58.43 on the TSX.
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