Barrick Mining files IPO for a new company to hold its North American gold assets

Detailed summary

Barrick Mining Corp. has filed paperwork for an initial public offering of a new company that will hold its North American gold assets.

Barrick Mining Corp. has filed paperwork for an initial public offering of a new company that will hold its North American gold assets.

The new entity will be named American Barrick Gold Corp., and net proceeds from the offering will be distributed back to Barrick, which expects to return to its shareholders.

The total number of shares and proposed price range have yet to be determined.

In April, Barrick said it was on track for the initial public offering by the end of the year.

American Barrick is slated to trade on the New York Stock Exchange under the symbol ABGC.

Barrick says the new offering is subject to market and other conditions, as well as the completion of the U.S. regulatory process.

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