By Robb M. Stewart

Barrick Mining is pushing ahead with plans to separate its North American gold operations into a separately listed company in which it plans to retain a controlling stake.

The Toronto-based miner said Thursday that after financial and operational analysis by management, its board concluded an initial public offering represents the best path to maximizing value for shareholders.

The board authorized Barrick's management to begin preparations to list the new company, a process expected to be completed late this year.

The North American portfolio centers around Barrick's majority owned Nevada gold venture with Newmont, the wholly-owned Fourmile discovery in Nevada, and the Pueblo Viejo mine in Dominican Republic that is minority owned by Newmont.

The assets account for more than half of the company's gold output and analysts estimate they represent about 60% of Barrick's valuation. Floating them could narrow the discount that Barrick has been trading at relative to its peers, analysts said.

The split will leave Barrick focused on copper and gold assets is many other parts of the world. Barrick currently has operations and projects in 18 countries and five continents, and its assets include six of the world's biggest gold mines.

The company said an IPO will be subject to market conditions and any required regulatory approvals, as well as final approval of the move by directors.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

Barrick Mining has operations and projects in 17 countries. "Barrick Aims for IPO of North American Gold Assets This Year," at 6:17 a.m. ET, incorrectly said 18 countries.

(END) Dow Jones Newswires

February 05, 2026 08:55 ET (13:55 GMT)

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