Barrick Moves Toward Listing North American Gold Assets With SEC Filing

By Robb M. Stewart

Barrick Mining filed to take its prized North American gold assets public, paving the way for a listing of what will rank as the largest producer of the precious metal in the continent.

The Canadian mining company plans to offer up a minority stake in what will be known as American Barrick Gold, but stopped short at this stage of saying how many shares would be offered and at what price.

In a registration statement filed with the Securities and Exchange Commission after the market closed Tuesday, Barrick laid out details of the new company and its leadership.

American Barrick Gold will be listed on the New York Stock Exchange, and its parent doesn't plan to list on any stock exchange in Canada even though Toronto-based Barrick is itself listed in both the Toronto and New York exchanges.

Barrick Chief Executive Mark Hill earlier this week told investors the listing is expected to take place by the end of the year, though the timeline could slip into early next year.

As previously disclosed, Hill will take the helm at American Barrick Gold when the split is finalized.

J. Brett Harvey has been named chairman of the gold company, heading up a board of seven where the Barrick will have the right to designate or appoint a majority. Harvey has been a Barrick director since December, and chairman of steelmaking coal producer Warrior Met Coal since the start of 2023.

American Barrick Gold's chief financial officer will be Wessel Hamman, who has been financial chief of parent Barrick North American business since December and previously was chief financial officer for Latin America and Asia Pacific. Tim Cribb will be the chief operating officer, having served as Barrick's North America chief operating officer since December and previously as project director for Barrick's North America Reko Diq copper-gold project from 2022 to 2025.

American Barrick Gold's six large-scale gold operations are anchored by a nearly 62% stake in the Nevada Gold Mines venture with Newmont, plus the Pueblo Viejo operation in the Dominican Republic that is the fifth largest gold asset in North America based on 2025 production.

The company will have every "tier one" gold asset that exists in the U.S. and four of the world's 16 largest gold assets by 2025 output, according the registration statement.

The company in 2025 produced 2 million troy ounces and has a portfolio underpinned by 40 million ounces of attributable mineral reserves, that Barrick estimates represents a 20-year reserve life, and 38 million ounces of mineral resources.

Based on 2025 accounts, the new company would have had net income of roughly $2.2 billion

According to the filing, Barrick expects the separation of its North American business to improve the strategic and operational flexibility of both companies, increasing the focus of the management teams on their respective business operations. It also will allow each company to adopt the capital structure, investment policy and dividend policy that suits its financial and operational profiles. And, as a standalone public company, potential investors would be able to invest directly in the new business.

The listing of American Barrick Gold comes against a backdrop of an elevated gold price, even with the metal down from a record high hit early this year. Gold averaged about $3,432 an ounce in 2025, up 44%, and in the first nine months of 2026 it has averaged around $4,545 per ounce.

An IPO of Barrick's operations in North America is one of four planks the company has identified to rebuild credibility with investors, alongside improving a safety record that was among the worst in the industry, hitting operational guidance it had a history of missing and growing the company.

Hill, who a little over a year ago took the helm of Barrick after the company parted ways with long-time CEO Mark Bristow, this week told investors that after an S-1 filing for the listing he expected the SEC to provide feedback before the IPO goes ahead.

Barrick currently has operations and projects in 17 countries and five continents. Outside of the U.S., that includes gold mines in countries including Argentina, Tanzania, Congo and Papua New Guinea and copper businesses in Chile, Saudi Arabia and Zambia.

With the release of its third-quarter results on Monday, Barrick affirmed it expected gold production globally this year of between 2.9 million and 3.25 million ounces and copper output of 190,000 to 220,000 metric tons.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 10, 2026 19:04 ET (00:04 GMT)