Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars

According to Jinse Finance APP, American Barrick Gold has submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC). The company is a pure gold producer in North America spun off from Barrick Gold (B.US), and the IPO is expected to raise up to $6 billion.

The core of American Barrick Gold's investment portfolio is its 61.5% stake in Nevada Gold Mines. Nevada Gold Mines is a joint venture between the company and Newmont (NEM.US), and its gold production will account for 81% of the company's total output in 2025. The joint venture is advancing the Fourmile project. In addition, American Barrick Gold also holds a 60% controlling interest in the Pueblo Viejo mine in the Dominican Republic, another joint venture with Newmont, which is operated by the company. In 2025, the company's attributable gold production will be 2 million ounces, with attributable mineral reserves of 40 million ounces, equivalent to a 20-year reserve life.

The company is headquartered in Henderson, Nevada, and was founded in 1990. It achieved revenue of $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 “ABGC.” Goldman Sachs, BofA Securities, Citigroup, and RBC Capital Markets are serving as joint bookrunners for this transaction. Terms of the offering have not yet been disclosed.

This issuance is regarded as one of the most anticipated IPOs in the gold mining sector in recent years. According to the proposed spin-off plan, Barrick Gold will hold a majority of the common stock of American Barrick Gold after the IPO is completed.