Barrick Mining is evaluating an IPO for a new subsidiary that will hold its North American gold assets, capitalizing on record-high gold prices in 2025.
Key Highlights
- The new entity would include:
- Nevada Gold Mines (NGM) – the world’s largest gold-producing complex
- Pueblo Viejo (Dominican Republic)
- Fourmile (Nevada) discovery
- Shares rose 3.7% premarket (U.S.); TSX shares opened +1.4% at C$59.16.
- Advisors: Goldman Sachs and Klein & Co. A New York listing is under consideration.
- Barrick plans to float a small minority stake while keeping majority control.
- The move would effectively reverse the 2019 Randgold merger as investors push Barrick to unlock value and shed higher-risk assets in Africa, PNG, and Pakistan (Reko Diq).
- Analyst view: The new vehicle could become a prime acquisition target for Newmont.
- Recent turbulence:
- $1B write-off on Mali asset dispute
- CEO Mark Bristow’s sudden departure
- Disputes in Mali recently resolved after 2 years
Barrick will provide a formal update in February 2026.