Barrick Mining to Take North American Gold Business Public
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy B?
Source: seekingalpha
- IPO Announcement: Barrick Mining has announced plans to take its North American gold business public by the end of this year, with a primary listing in New York and a secondary listing in Toronto, which is expected to significantly enhance the company's capital-raising capabilities in the North American market.
- Asset Highlights: The new unit will encompass Barrick's stakes in Nevada Gold Mines, the Pueblo Viejo mine in the Dominican Republic, and the Fourmile discovery in Nevada, collectively producing approximately 2 million ounces of gold last year, which is anticipated to provide robust revenue growth support for the new company.
- Leadership Team Confirmation: The new company has confirmed its leadership team, including long-time Barrick executives Tim Cribba as COO and Wessel Hamman as CFO, both reporting to CEO Mark Hill, appointed in February, ensuring management stability and experience.
- Independent IPO Strategy: Barrick stated that the IPO will be structured in accordance with its joint venture agreements and has been in discussions with partner Newmont to improve operations at Nevada Gold Mines, although it can proceed with the IPO without partner approval, demonstrating the company's independent decision-making capability.
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Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 41.840
Low
44.31
Averages
58.14
High
71.00
Current: 41.840
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Contract Non-Renewal: Barrick does not plan to renew its contract with Gounkoto Mining Services in 2026, and it remains unclear whether it will extend for 2027, which could impact the ongoing operations and production capacity of the gold mine.
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- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides investors with deeper market trend insights, aiding in the formulation of more effective trading strategies.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Liquidity Monitoring: Weekly monitoring of changes in shares outstanding allows for the observation of significant inflows or outflows, enabling timely portfolio adjustments and optimized asset allocation.
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- Bearish ETF Sentiment: Despite the iShares Silver Trust (SLV) rising nearly 4%, retail sentiment remains bearish, with SPDR Gold Shares (GLD) only edging up 0.8%, reflecting cautious investor attitudes towards precious metals.
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