Barrick to Spin Off North American Gold Assets Through IPO (4)

Barrick Mining Corp. plans to spin off its top North American gold assets in an initial public offering later this year as part of a strategic reset by the Canadian metals producer.

The company said Thursday it will sell a minority stake in the new North American unit, targeting a late-2026 initial public offering. Interim boss Mark Hill was appointed chief executive officer and told investors on a call that Barrick plans to sell 10% to 15% of the entity.

Shares in the miner fell as much as 7% on Thursday in New York, and traded near $45.12 at 12:15 ...