The Globe and Mail reports in its Tuesday edition that Barrick Mining is contemplating an initial public offering of a minority stake in its North American mines due to shareholder pressure after years of sluggish stock performance. The Globe's Niall McGee writes that shares in Barrick have long traded at a discount to peers such as Agnico Eagle Mines because of its heavy exposure to risky jurisdictions in Africa, the Middle East and Papua New Guinea, as well as its exposure to copper assets in Zambia, Saudi Arabia and Pakistan. Over the past decade, Barrick has slipped down the global mining charts, losing its crown to Colorado-based Newmont in 2019, and then getting passed by Agnico Eagle Mines in 2024. A source says Barrick is working with American investment banks M. Klein & Company and Goldman Sachs as it studies the spinout. If the board goes ahead with it, executing on the transaction could take up to 12 months, says the source. In recent years, geopolitical spats in jurisdictions outside North America, such as Tanzania, Papua New Guinea and Mali, have spooked investors and weighed on Barrick's valuation. The partial spinout plan falls short of a full split of Barrick that some investors had pushed for.