Barrick Mining Corporation (NYSE:B) (TSX:ABX) climbed 4.6% on Monday after revealing that it is evaluating a potential initial public offering for a newly created entity housing its top North American gold assets.
The company said its Board of Directors has unanimously authorized management to assess the possibility of forming a subsidiary that would include Barrick’s stakes in Nevada Gold Mines and Pueblo Viejo, along with its wholly owned Fourmile discovery in Nevada.
If Barrick moves forward, the IPO would see only a small minority position sold to public investors, while the company maintains a controlling majority stake. Barrick also noted it would continue to own and operate its global gold and copper portfolio outside the proposed entity.
“Barrick’s gold operations in Nevada and the Dominican Republic are among the best in the world, located in some of the best gold mining jurisdictions,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “Adding our 100% owned Fourmile project in Nevada, one of this century’s most significant gold discoveries, could put NewCo in a league of its own.”
The potential offering is part of a broader effort to enhance shareholder value. Barrick plans to evaluate the idea through early 2026, with an update expected alongside its Full Year 2025 Results in February 2026.
The company emphasized that any decision to proceed with an IPO remains subject to Board approval, customary requirements, and market conditions.