Barrick Mining’s Board of Directors approves exploration of an IPO for new subsidiary NewCo, holding premier North American gold assets like Nevada Gold Mines and Pueblo Viejo, along with Fourmile gold discovery in Nevada. IPO would involve small minority stake with Barrick retaining significant control. Focus on maximizing shareholder value.

Barrick Mining group COO Mark Hill highlights the quality of gold operations in Nevada and the Dominican Republic, emphasizing the significance of the Fourmile project. The company aims to drive improved performance and shareholder value while considering an IPO for North American assets to enhance growth and shareholder options.

Management authorized to explore potential IPO value creation measure until early next year. Updates on progress to be provided during full year 2025 results release in February. Decision to proceed with IPO contingent on board approval, market conditions, and fulfilling requirements.

Recent actions include selling Hemlo Gold Mine in Canada and resolving disputes with the Government of Mali regarding Loulo and Gounkoto mines. Elliott Investment Management acquires a substantial stake in Barrick Mining. IPO exploration aligns with Barrick’s commitment to maximize shareholder value and operate safely.

Read more at Yahoo Finance: Barrick Mining to explore IPO for North American gold assets