Barrick Gold to Spin Off North American Assets in $60 Billion New York IPO

Barrick Mining Corp. plans to list its North American operations on a New York exchange by the end of the year. The move is designed to isolate stable production from geopolitical risks in regions such as Mali and Pakistan.

• New York listing targeted for completion by end of year
• Estimated valuation of spinoff exceeds $60 billion
• Strategic separation of North American assets from Mali and Pakistan operations
• Corporate reset follows the exit of former chief Mark Bristow
• Aim to mitigate geopolitical risk and address declining output