Barrick Mining evaluating initial public offering of North American gold assets

Barrick Mining said on Monday it was exploring an initial public offering of a subsidiary that would hold its North American gold assets. (File image)

Barrick Mining Corp. says it’s exploring a potential initial public offering of a subsidiary that would hold its North American gold assets.

The new firm would be anchored by its joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as its wholly owned Fourmile gold discovery in Nevada, the company said in a press release Monday.

“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,” Barrick interim-CEO Mark Hill said.

In November, the company announced in its third-quarter results that it began an operational review focused on driving shareholder value, particularly for its gold assets in Nevada and the Dominican Republic.

Barrick said the new company would be listed through an initial public offering of a small minority interest, while it retains a significant controlling majority interest.

Barrick’s board has authorized management to explore the idea through early next year and plans to update the market on its progress when it reports its full-year results in February.

Hill said the company’s gold operations in Nevada and Dominican Republic are among the best in the world, while the Fourmile project in Nevada is one of the century’s most significant gold discoveries.

The potential IPO comes after changes in Barrick’s leadership.

Last week, Barrick said that Ben van Beurden, the company’s former lead independent director, had stepped down from its board. Van Beurden joined the board in May and was named lead independent director in August.

In September, it announced Mark Bristow had stepped down from the top job after nearly seven years. 

Barrick also announced last week that it had come to a resolution with the Mali government over its Loulo and Gounkoto mines in the country. The dispute, related to taxes and a new mining code in Mali, marked the end of a two-year standoff that included the suspension of the mine complex’s operations for an extended period and the prolonged detention of four Barrick employees.

This report by The Canadian Press was first published Dec. 1, 2025.