Canada’s Barrick Mining (B) Plans IPO of North American Gold Assets

Canada’s Barrick Mining Corp. (B) is reportedly planning an initial public offering (IPO) of its North American gold assets.

A final decision on the IPO hasn’t been made and the timing for a spinoff of the gold assets hasn’t been announced. But the IPO would reportedly involve a subsidiary of Barrick Mining that would contain its Canadian and American gold assets and properties.

The newly created public company would be anchored by Barrick’s joint venture interests in the Nevada Gold Mines and Pueblo Viejo, as well as its wholly owned Fourmile gold discovery in Nevada. Management at Toronto-based Barrick is reportedly considering listing the new company through an IPO in New York where its main shares already trade.

Barrick’s Controlling Interest

Barrick would retain a controlling interest in the new North American gold company. The board of directors at Barrick has reportedly authorized management to explore the idea of an IPO and plans to update the market on its progress when it reports full-year financial results in February 2026.

Barrick’s gold operations in Nevada and the Dominican Republic are widely viewed as among the best in the world, while the Fourmile project in Nevada is one of the most significant gold discoveries of the past 100 years.

News of the potential spinoff comes after activist investor Elliott Investment Management built a stake in Barrick Mining worth more than $1 billion and is pressuring the Canadian miner to explore a split of its North American assets from its riskier international operations.

Is B Stock a Buy?

The stock of Barrick Mining has a consensus Strong Buy rating among 16 Wall Street analysts. That rating is based on 14 Buy and two Hold recommendations issued in the past three months. The average B price target of $43.37 implies 1.89% upside from current levels.

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