Barrick files for New York listing of North American gold assets

BNN Bloomberg reported that Barrick Mining, a gold miner, filed on November 10 for an initial public offering (IPO), a first sale of shares to the public, of a new company, American Barrick Gold Corporation, to hold its North American gold assets. It will include Barrick’s joint-venture interests in Nevada and the Dominican Republic, Miningmx reported. The prospectus gives Barrick controlling stakes of 61.5% in Nevada Gold Mines and 60% in Pueblo Viejo.

In its filing with the US Securities and Exchange Commission, a registration statement known as Form S-1, American Barrick says it intends to apply to list on the New York Stock Exchange. Its shares have never traded publicly, and the number of shares and price range are not yet set.

Barrick would not sell it all: it previously indicated it would sell 10% to 15% of the business and keep voting control. But some major investors oppose the separation, worried about giving up part of its most valuable assets. American Barrick’s incoming chief executive, Mark Hill, has indicated the offering could launch by early 2027.

Sources: BNN Bloomberg · U.S. Securities and Exchange Commission · Miningmx · Barrick Mining Corporation