Barrick Mining has filed for an initial public offering of its North American business, American Barrick Gold, on the New York Stock Exchange under the symbol ABGC.
Barrick Mining has filed for an initial public offering of its North American business in New York, according to IndexBox, which cites Mining Weekly. The company plans to list on the NYSE under the symbol ABGC, per filings with the US Securities and Exchange Commission.
Goldman Sachs, BofA Securities and RBC Capital Markets are serving as underwriters for the offering, according to IndexBox. TradingView, in its summary of the SEC filing, also lists Citigroup as a lead underwriter. The proposed price range and share count have not yet been disclosed.
American Barrick Gold is a gold producer with mining and exploration interests in Nevada and the Dominican Republic. Its main operating interests are a 61.5% controlling stake in Nevada Gold Mines, operated through a joint venture with Newmont, and a 60% controlling stake in the Pueblo Viejo mine, also operated with Newmont. The company describes itself as the largest gold producer with a portfolio located entirely in North America.
Attributable gold production was 2.0 million ounces in 2025 and 951,000 ounces in the six months ended June 30, 2026, according to TradingView's summary of the SEC filing. Revenue was $7.259 billion for the six months ended June 30, 2026, an increase of 61% compared with the same period in 2025. Net income was $3.225 billion for the six months ended June 30, 2026.
Mark Hill is to become chief executive of American Barrick Gold, according to IndexBox. TradingView lists Mark Hill as President and Chief Executive Officer.
Under the proposed separation, Barrick Mining would retain a majority stake in American Barrick Gold's common stock following the IPO and would receive an annual dividend of $1.2-billion paid on a quarterly basis, according to IndexBox. TradingView states that proceeds are expected to repay a dividend-related promissory note to Barrick, with the remainder for general corporate purposes.
The IPO is viewed as one of the most closely watched public offerings among gold miners in recent years, according to IndexBox. Barrick shares closed down 5.61% on the Toronto Stock Exchange on Tuesday, according to IndexBox.
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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