US EditionBarrick to Press Ahead with IPO of North American Gold Assets, Names Hill CEO
Barrick plans IPO to spin off North American gold assets valued near $42 billion, retaining controlling stake to enhance shareholder value, CEO Mark Hill leads transition.
- On Thursday, Barrick Mining Corp. said it will move forward with IPO preparations for its North American gold assets and named interim head Mark Hill as president and chief executive who will join the board as a non-independent director.
- The planned listing would package major mines including Nevada Gold Mines, Pueblo Viejo, Dominican Republic, and the Fourmile project, Nevada, with Barrick expecting the IPO to complete by late 2026 to maximise shareholder value.
- On Thursday, Barrick reported US$2.4 billion profit and US$6.0 billion revenue, with U.S.-listed shares up 2 percent in premarket trading.
- Barrick plans to keep a significant controlling interest, with analysts valuing the assets around US$42-billion and Bloomberg Intelligence suggesting nearly US$62 billion, raising takeover vulnerability concerns.
- Since his interim appointment in September last year, Hill has led management and safety changes while Barrick retains higher-risk assets in Africa and Pakistan.
13 Articles
13 Articles
Winnipeg Free Press
Barrick goes ahead with IPO of North American gold assets, names Hill as CEO
Breaking News, Sports, Manitoba, Canada
Unlocking Value: Barrick to Spin Off North American Gold Operations Following Stellar 2025 Performance
Barrick Mining (TSX:ABX,NYSE:B) said it will move ahead with plans to spin off its North American gold assets after a strong finish to 2025.The Toronto-based miner said its board has authorized preparations for an IPO of a new entity that would house its premier North American gold operations, with the transaction targeted for completion by late 2026.The proposed vehicle, referred to as NewCo, would hold Barrick’s joint venture interests in Neva…
Barrick Mining names Mark Hill as CEO - CEO North America
Barrick Mining announced today that, following a strong performance under Mark Hill’s leadership as interim CEO since September, the Board has appointed him President and CEO. Hill will guide the company through the upcoming IPO of Barrick’s North American gold assets. Additionally, he has been promoted to the Board as a Non-Independent Director. In an announcement to investors, John Thornton, Chairman of the Board, said, “Mark brings the rigor …
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