The Globe and Mail reports in its Wednesday edition that Barrick Mining has filed paperwork with the Securities and Exchange Commission for its initial public offering of a minority share in its North American business as it attempts to win back the confidence of investors after years of underperformance. The Globe's Niall McGee writes that Barrick said in a press release after the market closed Tuesday it had filed its S-1 registration form with the U.S. regulator, the first step for a company planning a public stock offering. The unit, to be called American Barrick Gold Corp., comprises Barrick's 61.5-per-cent stake in Nevada Gold Mines, the world's largest gold mining complex, and its 60-per-cent stake in the Pueblo Viejo mine in the Dominican Republic. In 2025, Barrick's North American unit produced two million ounces of gold. American Barrick will also control the Fourmile project in Nevada, which Barrick has described as "one of the century's greatest gold discoveries." The number of shares and the proposed price range for the IPO have not yet been determined. Proceeds raised from the share sale, which could be around $6.5-billion (U.S.), would flow to Barrick's coffers, and then likely to its shareholders.
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