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flag Barrick Mining to spin off North American gold assets into a new company via IPO by late 2026, retaining control.

flag Barrick Mining has approved plans to spin off its North American gold assets into a separate company via an IPO by late 2026, retaining a controlling stake. flag The new entity will include key operations in Nevada and the Dominican Republic, generating over half of Barrick’s gold output. flag Mark Hill has been named CEO of the new company. flag The move follows strong fourth-quarter results, with net earnings more than doubling and revenue rising 64%. flag Barrick also raised its quarterly dividend by 40% and aims for a 50% payout ratio of free cash flow. flag The IPO is intended to unlock value and improve focus, though market reactions were mixed.

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