Barrick to Spin Off North American Gold Assets Through IPO (2)

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 and expects the IPO to be completed by late 2026. It also appointed interim boss Mark Hill as chief executive officer.

The world’s No. 2 gold producer is pursuing an IPO — which could be worth more than $60 billion — as Barrick seeks to reset following a string of setbacks and ...