Today announces that the Company’s Board of Directors has unanimously authorized Barrick’s management team to explore an initial public offering of a subsidiary that will hold Barrick’s premier North American Gold Assets. If an IPO is pursued, NewCo would be anchored by Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as Barrick’s wholly owned Fourmile gold discovery in Nevada. Barrick Mining Corporation shares T.ABX are trading up $0.16 at $58.59.
Stocks in play: Barrick Mining Corporation
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