Wedoany.com Report-Dec.2, Barrick Gold Corporation announced on Monday that it is evaluating a potential initial public offering (IPO) for a new subsidiary that would hold its key North American gold assets. The move follows a sustained rally in gold prices to successive record levels this year.

People visit a section sponsored by Barrick Mining Corporation at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023.

The proposed entity would include Barrick's interest in Nevada Gold Mines — the world's largest gold mining complex operated jointly with Newmont — the Pueblo Viejo mine in the Dominican Republic, and the high-grade Fourmile development project in Nevada. Barrick intends to retain majority ownership while offering a minority stake to public investors.

Shares responded positively to the news, with the U.S.-listed stock rising 3.7% in premarket trading and the Toronto Stock Exchange listing opening 1.4% higher at C$59.16.

The company has engaged Goldman Sachs and Klein and Company as financial advisors for the transaction. Although the listing venue remains under review, a New York Stock Exchange listing is among the options being considered by the board. A further update on the evaluation process is scheduled for February 2026.

The initiative builds on Barrick's previously disclosed review of structural options, including the possibility of separating its portfolio into regionally focused entities. The North American assets are widely regarded as lower-risk, high-quality operations that benefit from stable jurisdictions and strong cash flow generation.

Shane Nagle, analyst at National Bank of Canada Financial Markets, commented: "This plan essentially packages up the parts of Barrick the market is currently most excited about into a vehicle that is likely to become an acquisition target for Newmont."

Gold prices have reached multiple all-time highs in 2025, supported by expectations of lower interest rates and continued safe-haven investment demand. The favourable price environment has encouraged mining companies to pursue strategies aimed at maximising shareholder value through asset optimisation and simplified corporate structures.

Barrick's global portfolio also includes significant operations in Africa, Latin America, and other regions. Recent developments have included the successful resolution of discussions with authorities in Mali regarding the Loulo-Gounkoto complex, as well as ongoing development work at copper and gold projects across several continents.

The potential separation would allow each resulting entity to focus on distinct operational profiles and growth strategies, while providing investors with clearer choices aligned to their preferences for jurisdiction and commodity exposure. Market participants will monitor forthcoming announcements for additional details on timeline, valuation, and final structure of the proposed transaction.