The Canadian gold mining company Barrick Mining has applied for an IPO of the American Barrick Gold Corp. on the NYSE in early 2027. This is reported in Barrick's press release.
Earlier, Barrick announced the allocation of gold mining assets to a new company, American Barrick Gold Corp., which included Barrick's main assets in North America, including Nevada Gold Mines (a joint venture with Newmont), Pueblo Viejo in the Dominican Republic and the Fourmile deposit in Nevada.
The IPO depends on market conditions and SEC approval. Goldman Sachs, Bank of America Securities, Citigroup and RBC Capital Markets act as underwriters. Upon completion of the listing, Barrick Mining will retain a controlling stake in the new company, and the funds raised will be allocated to shareholders.
The share placement is in line with the company's new strategy to carry out a large-scale reorganization after several years of production failures and declining gold production, as well as to increase asset values and separate more promising North American projects from risky assets in other regions, including Mali and Pakistan.
Barrick Mining Corp. — a Canadian gold and copper mining company. The headquarters is located in Toronto (Canada).
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