April 10, 2026–Written by Eric Funderburk for IIR News Intelligence (Sugar Land, Texas)–In a letter to shareholders issued Wednesday, Barrick Mining Corporation board chairman John Thornton confirmed Barrick’s plans to restructure by spinning off some of its most valuable North American assets.
While no firm date was set, Thorton said the initial public offering (IPO) of the spinoff, in which Barrick would hold a controlling majority stake, was expected before the end of this year.
In the letter, Thorton explained that executives of Barrick believe shares are undervalued and an IPO is a way to streamline some of the company’s most valuable, lower-risk assets into a new higher-value company.
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