Barrick Announces IPO for North American Gold Assets
Barrick advances its plan to take its North American gold business public through an IPO of American Barrick.
The proposed separation outlines the subsidiary’s asset portfolio, ownership structure, and dividend policy, while Barrick retains majority control.
By David Mandela Layuck, Irhamni Muhammad, Martiza Shakeela Moana Rui, Tahta Auliya
November 13 2026, at 16:30 GMT+7
Barrick Mining Corporation formally filed a registration statement on Form S-1 with the US Securities and Exchange Commission on Tuesday (11/10).
The filing pertains to the proposed initial public offering (IPO) of American Barrick Gold Corporation, a newly formed Barrick subsidiary that will hold the company’s North American gold business. It marks a necessary regulatory step before shares can be offered to investors in the US.
The company plans to launch the IPO in early 2027, following regulatory clearance and an assessment of prevailing market conditions. Upon its completion, American Barrick intends to list its common stock on the New York Stock Exchange (NYSE) under the ticker “ABGC”.
A Barrick Gold Corporation logo is pictured in Toronto | Source : Bloomberg
American Barrick will hold a 61.5% stake in Nevada Gold Mines and a 60% interest in Pueblo Viejo in the Dominican Republic. Newmont owns the remaining interests in both joint ventures.
The portfolio includes the Fourmile gold project through Nevada Gold Mines. Barrick plans to retain majority ownership after the IPO, with Mark Hill serving as president and chief executive officer.
According to its filing, American Barrick expects to pay US$1.25 billion in annual base dividends through quarterly payments to shareholders, including Barrick. Additional special dividends may be paid from excess free cash flow after reinvestment and growth spending, subject to board approval and its target net cash position.
NYSE signs hang above the trading floor of the New York Stock Exchange in Manhattan | Source : Reuters
Barrick intends to return the net proceeds from the IPO to its shareholders. The proposed separation follows an extensive review of the company's North American operations.
In November 2025, Barrick was considering a business split, before confirming on Monday (12/01) 2025, that it was evaluating an IPO of a subsidiary holding its North American gold assets. In 2026, Barrick's board authorized management to proceed with the proposal, while Mark Hill was appointed chief executive to lead the process.
Although the registration statement has been filed, the number of shares to be offered and the IPO price range have yet to be determined. The offering remains subject to market conditions and SEC review, and no shares may be sold until the registration statement becomes effective.
Sources:
Barrick
Bloomberg
Reuters
Comments