Barrick moves forward with IPO plan for North American gold assets and appoints new CEO

The company expects to complete the transaction by late 2026, while retaining a controlling stake in the new entity.

Barrick Mining Corp has confirmed it will continue preparations for the public listing of its North American gold assets and has formally appointed Mark Hill as president and chief executive officer, marking a key step in the group’s ongoing strategic realignment.

IPO to consolidate key gold assets in North America

The planned transaction involves the creation of a new company that will consolidate Barrick’s interests in Nevada Gold Mines, Pueblo Viejo, and the Fourmile project in Nevada. The company indicated that the initial public offering could be finalized toward the end of 2026, subject to market conditions and regulatory processes.

Under the proposed structure, Barrick intends to maintain a majority ownership position following the listing, preserving operational control and strategic oversight of the assets, which are among the most significant gold operations in its global portfolio.

Mark Hill confirmed as president and CEO

Alongside the IPO announcement, Barrick confirmed Mark Hill as president and chief executive officer, a role he had held on an interim basis since September 2025. His formal appointment follows a period of leadership transition after the departure of Mark Bristow.

Following the announcement, Barrick’s shares rose by approximately 2% in pre-market trading in the United States, signaling a positive investor response to the company’s strategic direction and leadership clarity.

Earnings outperform market expectations

On the financial front, Barrick reported adjusted earnings of US$1.04 per share for the fourth quarter, exceeding analyst expectations of around US$0.90 per share. The performance was largely supported by stronger gold prices during the period.

The decision to advance the IPO comes amid a favorable gold price environment, providing an opportunity to unlock value from high-quality assets while streamlining the company’s corporate structure.

Focus on financial flexibility and asset optimization

Through this initiative, Barrick aims to enhance financial flexibility, sharpen operational focus, and offer investors direct exposure to a portfolio of Tier-1 gold assets in North America, while continuing to participate in their long-term value creation.