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Barrick deal with Newmont paves way for IPO of North American gold assets

Barrick said the mining-asset combination it struck with Newmont is expected to support an initial public offering of its North American gold assets by the end of the year.

Reported · Written up by our desk · Fund Industry

Mining company Barrick said it reached an agreement with gold-mining peer Newmont to combine some of their mines, setting the stage for a planned initial public offering of Barrick’s North American gold assets.

According to MarketWatch, the company expects that IPO to occur by the end of the year, with the asset combination designed to help support the transaction.

MarketWatch also reported that Barrick shares slid after the dispute settlement announcement, as the deal outlines the next step for Barrick’s gold-asset plans.

Latest closeGold $4,292.00 ▲1.1%

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