Barrick Considers IPO of Subsidiary, Receives Board Authorization

Core Insights - Barrick Mining Corporation has authorized the exploration of an initial public offering (IPO) for its subsidiary, NewCo, which will hold its North American gold assets, aiming to unlock asset value through a focused publicly traded equity [1][8] - NewCo is expected to be listed through an IPO of a small minority interest, while Barrick will maintain a significant controlling majority interest, supported by its joint ventures in Nevada Gold Mines and Pueblo Viejo, along with the fully-owned Fourmile gold discovery [2][8] - The company’s operations in Nevada and the Dominican Republic are positioned in top gold mining jurisdictions, with the Fourmile project recognized as one of the most significant gold discoveries of the century [3] Timeline and Future Plans - The IPO initiative may be explored until early 2026, with updates to be provided during the release of the company’s full-year 2025 results in February 2026; the exact details and timing are subject to various approvals [4] - The company is focused on enhancing performance and shareholder value, with the IPO potentially providing new and existing shareholders with more options in a pure gold company with growth potential [4] Performance Metrics - Barrick's shares have increased by 145.4% over the past year, outperforming the industry growth of 119.7% [5]