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 and operational discipline to fully capitalize on Barrick’s world-class assets and capabilities and to drive improved performance, growth, and shareholder value. His deep operational knowledge and sector expertise will be invaluable as the Board oversees the Company’s next stage of development.”
Today, the company also released its full-year 2025 earnings report, reporting revenues of $16.96 billion. Full-year gold production was 3.26 million ounces, and full-year copper production was 220,000 tonnes.
In a prepared statement, Hill said, “We reported record quarterly cash flow, delivered on our gold and copper production guidance, and successfully executed our 2025 operating plan. These achievements contributed to record adjusted net earnings per share2 in 2025 and the highest shareholder returns in this company’s history. On the back of this financial strength, the Board approved a further 40% increase to our quarterly base dividend and a dividend framework to allow shareholders to further participate in our performance. The outstanding finish to 2025 showcases the strength of Barrick’s operations and the commitment of its people.”
Hill continued: “As we progress towards an IPO of our North America business to maximize value, we remain steadfast in our focus on operational performance and improving safety. By maintaining a collaborative culture and operational rigor, we are well-positioned to carry our current momentum forward and continue unlocking value from our premier asset portfolio in 2026.”
Barrick’s upcoming IPO is highly anticipated in the mining industry, with analysts estimating the value of the group’s North American assets to be approximately $42 billion.
The IPO, expected to be completed by late 2026, will encompass Barrick’s stakes in Nevada Gold Mines, Pueblo Viejo in the Dominican Republic, and its fully owned Fourmile project in Nevada.
By CEO NA Editorial Staff
