Canada’s Barrick Mining has filed for an IPO of its North American business in New York, a move seen as one of the most anticipated public offerings among gold miners in recent years.
Barrick Mining Corporation announced that its planned new publicly listed company, which will hold its North American gold assets, will be named American Barrick Gold Corporation (“American Barrick”).
American Barrick intends to apply to list its common stock on the New York Stock Exchange under the ticker symbol ‘ABGC’. The number of shares to be offered and the proposed IPO price range have not yet been determined.
Mark Hill, who will be the CEO of American Barrick Gold, said the IPO would launch early next year.
Barrick Mining, which is listed on the Toronto Stock Exchange, currently holds the company’s assets in North America as well as in Africa, Latin America and the Asia-Pacific. Under the proposed separation, Barrick Mining will own a majority of American Barrick Gold’s common stock after the IPO. Barrick Mining will receive an annual dividend of $1.2 billion that will be paid quarterly.
Barrick Mining drew investors’ attention on Monday after reaffirming its full-year 2026 production outlook, following a 22% increase in third-quarter revenue fueled by higher gold and copper prices.
“We remain on track to achieve our full-year production guidance, and we head into the year’s final months with momentum, drive, and discipline,” Hill stated.
Barrick shares fell over 3% Wednesday following the announcement.
By CEO NA Editorial Staff
