Barrick Mining has announced progress on its planned initial public offering (IPO) of a minority stake in North American Barrick, a newly formed entity holding its North American gold assets.
The company expects to complete the IPO by the end of 2026.
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The new entity, North American Barrick, is aiming for a primary listing in New York and a secondary listing in Toronto.
This development is subject to Securities and Exchange Commission registration, Canadian prospectus qualifications, market conditions and necessary approvals.
The portfolio for North American Barrick consists of four top-tier gold assets in leading mining regions across North America.
These are Carlin, Cortez and Turquoise Ridge within the Nevada Gold Mines (NGM) complex, along with the Pueblo Viejo mine in the Dominican Republic.
In 2025, these assets contributed around two million ounces of gold production.
Additionally, North American Barrick’s growth is bolstered by the Fourmile project, a fully owned Barrick operation situated near the NGM complex.
Plans are in place for Fourmile to be integrated into the NGM joint venture (JV), following the terms of the JV agreement.
Barrick has highlighted its intention to maintain a controlling interest in the new venture.
Barrick executives have been in discussions with Newmont counterparts regarding enhancements at NGM, the IPO proposal and the schedule for incorporating Fourmile.
Although Barrick has the liberty to proceed with the IPO independently, it continues to closely collaborate with its JV partner to maximise value for all parties involved.
Barrick also revealed the appointment of an executive team dedicated solely to overseeing North American Barrick’s operations.
The management team brings substantial expertise in mining operations, exploration and development, having collaborated in recent months.
Barrick president and CEO Mark Hill said: “With our renewed focus and discipline, Barrick has been delivering extremely positive results in North America.
“The IPO is expected to accelerate this momentum by giving North American Barrick its own dedicated management team and highlighting the attractiveness of these gold assets in one of the premier gold districts in the world.”
Last month, Barrick slowed down operations at its Reko Diq copper and gold project in Pakistan due to security challenges in the region and the broader Middle East.
