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Market news · Nov 10, 7:01 PM ET

Barrick Mining files to spin off North American gold assets as American Barrick Gold, planned NYSE ticker ABGC

Barrick Mining said on November 10, 2026 that it filed a registration statement for an initial public offering of American Barrick Gold, a unit holding its North American gold assets, with plans to list on the New York Stock Exchange as ABGC. The share count and price range have not been set, so the offering's size and valuation remain unknown, but it would give US investors a new listed vehicle focused on gold mines in Nevada and elsewhere in the Americas.

By Flash Finance US desk (written with AI assistance) · Editor: Kokila

Barrick Mining Corporation has moved ahead with a plan to take its North American gold business public in New York. The company said on November 10 that the new entity, to be called American Barrick Gold Corporation, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering.

What the filing covers

According to the company's press release, the number of shares to be offered and the proposed price range for the IPO have not yet been determined. The offering is also subject to market and other conditions, including completion of the SEC review process.

The company said net proceeds from the IPO will be distributed to Barrick, which Barrick expects to return to its shareholders. The registration statement contains technical reports for the Nevada Gold Mines Complex and Pueblo Viejo, along with an initial assessment for the Fourmile project. Barrick also said it intends to file a separate economic analysis for Fourmile within 45 days of its release.

Barrick's own filing describes the new company as the holder of its North American gold assets. A Newmont-related structure is also part of the picture: Barrick struck a deal with Newmont in August that gave the Denver-based company a stake in Fourmile and brought the deposit into the joint Nevada Gold Mines venture, according to Mining.com.

Who is involved

Reuters reported that Goldman Sachs, Bank of America Securities and RBC Capital Markets are underwriters of the IPO, the filings said. Reuters also reported that Barrick Mining will own a majority of American Barrick Gold's common stock after the IPO. That means the new company would remain a controlled subsidiary of its parent.

Reuters quoted Mark Hill, who will lead American Barrick Gold, as saying that the IPO would be launched by early next year. Earlier, Mining.com reported that Hill had said in September that the listing could slip into January.

Why it matters for US investors

Barrick Mining is already listed on the NYSE under the ticker B and trades in Toronto as ABX. If the offering proceeds, American Barrick Gold would give US-based investors a separate listed stock focused on the company's North American gold holdings, rather than the broader portfolio that Barrick Mining holds across Africa, Latin America and Asia-Pacific.

The timing and terms are still open. The company did not say when the offering would price, how many shares would be sold, or what valuation it would target. Investors will not have a trading price for ABGC until the registration statement becomes effective and shares begin to trade, and the company has said the registration statement has not yet become effective.

For the gold sector, the filing adds another large US-listed gold producer to the market, and its eventual pricing will show how investors value a North American gold business apart from its parent. Gold price exposure, operating costs in Nevada and the completion of SEC review are the main factors the company itself flagged as uncertainties.

Barrick MiningAmerican Barrick GoldNew York Stock Exchangegold miningNewmontNevada Gold Mines

Sources

Written with AI assistance on Nov 10, 7:01 PM ET from the reports listed under Sources, and reviewed by our editor after publication. Before it was published, every figure was checked against those reports, and passages with figures that could not be found there were left out. It can still contain mistakes: read the sources before acting on anything. How we review. Not investment advice.