Barrick Mining Corp (TSE: ABX) (NYSE: B) (ETR: ABR0) is exploring a potential initial public offering of a subsidiary that will house its top North American gold assets.
Announced on Tuesday, the move could give investors a new way to access Barrick’s North American operations while the company retains a controlling stake.
The proposed subsidiary would include Barrick’s interests in Nevada Gold Mines, the Pueblo Viejo joint venture in the Dominican Republic, and the fully owned Fourmile gold discovery in Nevada.
Barrick plans to offer a minority stake through the IPO while continuing to manage its global gold and copper portfolio.
Mark Hill, Barrick’s chief operating officer and interim president and CEO, said the company’s gold operations in Nevada and the Dominican Republic rank among the world’s strongest and are located in stable mining regions. He added that incorporating the Fourmile project could make the new company exceptionally competitive.
Hill emphasized the company’s focus on performance and shareholder value. He said the IPO plan could provide existing and new shareholders more options in a company dedicated to growth in high-quality gold jurisdictions. He also stressed that Barrick remains committed to safe operations and meeting its performance targets, while advancing its growth projects.
The board has authorized management to explore the IPO concept through early 2026. Barrick plans to provide updates on its progress when it reports full-year 2025 results in February 2026.
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The IPO part of Barrick’s operational review
Any decision to proceed with the IPO will require board approval, customary regulatory clearances, and favourable market conditions. Barrick said it would evaluate all aspects before taking further steps, ensuring the company continues to generate value for shareholders.
The potential IPO comes as part of Barrick’s broader operational review. The company is looking for ways to maximize value across its portfolio, particularly in North America. Investors will watch closely for details on the minority offering. This could provide exposure to top-tier gold assets while allowing Barrick to retain majority control.
In addition to Barrick’s North American operations, the company manages its other global projects to balance growth and operational efficiency. The Fourmile discovery in Nevada, fully owned by Barrick, is expected to be a central asset in the IPO plan. Meanwhile, the Pueblo Viejo joint venture remains a key contributor to NewCo’s projected production profile.
Furthermore, Barrick’s management stressed that they will continue to focus on safe operations, efficient project delivery, and shareholder returns while assessing the IPO option.
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