Barrick Mining is considering delaying its plan to take its North American gold business public until next year, according to a Bloomberg report. The IPO for the North American assets was previously on track to be completed by the end of the year, as CEO Mark Hill had told analysts on the company's August 10 earnings call. Barrick is working with Goldman Sachs on the deal and is in talks with additional banks to join the underwriting team. The company's U.S. shares jumped 22% in August amid investor demand for gold, but the stock remains little changed for the year. Last month, Barrick struck a deal to give Newmont Corp. a stake in a prized Nevada gold project in exchange for its support for the planned IPO, clearing a hurdle but disappointing investors with the deal's value.
Barrick Mining CorporationIPO delay to 2027 disappoints investors expecting near-term listing
Newmont Goldcorp CorpNewmont gets stake in Nevada project, but deal value disappoints
Goldman Sachs Group Inc