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Barrick Mining to spin off North American gold assets into a new company via IPO by late 2026, retaining control.
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.
The new entity will include key operations in Nevada and the Dominican Republic, generating over half of Barrick’s gold output.
Mark Hill has been named CEO of the new company.
The move follows strong fourth-quarter results, with net earnings more than doubling and revenue rising 64%.
Barrick also raised its quarterly dividend by 40% and aims for a 50% payout ratio of free cash flow.
The IPO is intended to unlock value and improve focus, though market reactions were mixed.
Barrick Mining separará los activos de oro de América del Norte en una nueva compañía a través de IPO a fines de 2026, conservando el control.