Barrick advances North American gold business IPO and appoints new leadership team
Updated
Updated · MarketWatch · Apr 28
Barrick advances North American gold business IPO and appoints new leadership team
8 articles · Updated · MarketWatch · Apr 28
Barrick names Tim Cribb as COO and Wessel Hamman as CFO for the new unit, led by CEO Mark Hill, targeting a public listing by end-2026 in New York and Toronto.
The unit will include stakes in Nevada Gold Mines, Pueblo Viejo in the Dominican Republic, and the Fourmile discovery, which together produced about 2 million ounces of gold last year.
Barrick coordinates with joint venture partner Newmont on the IPO and asset integration, aiming to preserve value after a management shakeup and strategic shift away from riskier jurisdictions.
What becomes of Barrick’s high-risk international projects after the North American spinoff?
Can Barrick's new leadership reverse production declines to justify the spinoff's $60 billion valuation?
Is Barrick's split the start of a trend for miners retreating from geopolitically risky regions?
Why is Barrick’s stock falling despite record profits, and is this IPO the cure?
Will record gold prices ensure Barrick’s IPO succeeds despite a legal battle with rival Newmont?