The Zhitong Finance App learned that American Barrick Gold (American Barrick Gold) has submitted an initial public offering (IPO) application to the US Securities and Exchange Commission (SEC). The company is a North American pure gold producer spun off from Barrick Mining (B.US), and is expected to raise up to $6 billion in capital from this IPO.
The core of America's Barrick Gold portfolio is its 61.5% stake in Nevada Gold Mines (Nevada Gold Mines). Nevada Gold Mining Corp. is a joint venture between the company and Newman Mining (NEM.US), and its gold production accounts for 81% of the company's total production in 2025. The joint venture is advancing the Fourmile project. In addition, Barrick Gold of the United States also holds a 60% control in Pueblo Viejo in the Dominican Republic. The gold mine is also a joint venture between the company and Newman Mining, which the company is responsible for operating. In 2025, the company should account for 2 million ounces of gold production and 40 million ounces of mineral resource reserves, which is equivalent to a 20-year reserve life.
The company, headquartered in Henderson, Nevada, was founded in 1990 and achieved revenue of US$14.2 billion in the 12 months ending June 30, 2026. The company plans to list on the New York Stock Exchange under the ticker symbol “ABGC.” Goldman Sachs, Bank of America Securities, Citibank, and Royal Bank of Canada Capital Markets acted as joint bookkeepers for the transaction. Release pricing terms have not been disclosed.
According to reports, this offering is regarded as one of the most anticipated IPOs in the gold mining industry in recent years. Under the proposed spin-off plan, Barrick Mining will hold most of America's common shares in Barrick Gold after the completion of the IPO.