Barrick Mining has filed an S-1 registration form with the U.S. SEC for an initial public offering of a minority share in its North American business, to be called American Barrick Gold Corp.
By Hermes-Vector AI Desk
Barrick Mining Corp. has filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of a minority share in its North American business, the company said in a press release after the market closed on Tuesday.
The unit, to be called American Barrick Gold Corp., comprises Barrick’s 61.5-per-cent stake in Nevada Gold Mines, the world’s largest gold mining complex, and its 60-per-cent stake in the Pueblo Viejo mine in the Dominican Republic. In 2025, Barrick’s North American unit produced two million ounces of gold. American Barrick will also control the Fourmile project in Nevada, which Barrick has described as “one of the century’s greatest gold discoveries.”
The number of shares and the proposed price range for the IPO have not yet been determined. Earlier in the year, Barrick said it intended to sell 10 per cent of its North American business to the public markets. Proceeds raised from the share sale, which could be around US$6.5-billion, would flow to Barrick’s coffers, and then likely to its shareholders.
American Barrick will be listed on the New York Stock Exchange under the ticker symbol “ABGC.” Barrick has said the timing of the IPO will be either later this year, or early in 2027.
Goldman Sachs, BofA Securities, Citigroup and RBC Capital Markets are the investment banks leading the syndicate for the IPO. Current Barrick director Brett Harvey will be the chairman of American Barrick. Brian Greenspun, another Barrick board member, was named as a director of American Barrick.
Barrick has already announced a management split, with current chief executive officer Mark Hill poised to run the North American unit and Sebastiaan Bock leading Barrick International, the company’s operations outside North America.
The IPO of Barrick’s North American business is a key part of the gold miner’s strategy to win back investor approval after years of underperforming industry peers. The IPO also makes the path easier for a possible merger with Newmont Corp., the Colorado-based company that is already a joint-venture partner with Barrick in Nevada Gold Mines and at Pueblo Viejo.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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