en.Wedoany.com Reported - Barrick Mining (Toronto Stock Exchange: ABX; New York Stock Exchange: B) is refocusing its merger and acquisition activities while reducing its operational exposure in certain high-risk regions. This strategic shift was outlined by the company's Chairman, John Thornton, in a letter to shareholders dated April 8. This move signals a reversal of Barrick's expansion strategy over the past decade, which had focused on Africa and Asia.
Barrick Mining is the world's third-largest gold producer, headquartered in Toronto, Canada. The company experienced a significant production decline in 2025, with annual gold output falling to 3.26 million ounces, a 17% year-on-year decrease, marking its lowest level in at least 25 years. This downward production trend has continued for six years. In September 2025, the company underwent a major management reshuffle, with former CEO Mark Bristow departing and Mark Hill taking over as CEO. Previously, Bristow had led Barrick's merger with Randgold Resources in 2019 and spearheaded the company's expansion in Africa and Asia.
In the shareholder letter, Thornton stated that the company will concentrate its capital on tier-one assets—mines characterized by long lifespans and low-cost operations—and restructure its corporate framework through an initial public offering (IPO) of its North American assets. The IPO is scheduled for completion by the end of 2026. The newly established entity will hold the Nevada Gold Mines joint venture, the Pueblo Viejo gold mine in the Dominican Republic, and Barrick's wholly-owned Fourmile exploration project. Barrick will retain a controlling majority stake in the North American Barrick company. Additionally, the company indicated it will reduce its operational exposure in high-risk regions within its remaining asset portfolio and strengthen overall asset quality through strategic acquisitions.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
