Barrick Mining

Bloomberg reports that Barrick Mining is considering moving the planned IPO of its North American gold division from late 2026 to 2027. Mark Hill is expected to lead the North American unit after the IPO, while Sebastiaan Bock would become CEO of the remaining businesses; Barrick is working with Goldman Sachs and other banks on the transaction. Preparations are continuing, and details and timing could change; the share price initially fell on the news but then recovered. » More on de.investing.com

Barrick has appointed Sebastiaan Bock, with immediate effect, as chief executive officer for its business outside North America. Bock will lead the gold and copper operations in Africa, the Middle East, Latin America and Asia‑Pacific and will report directly to Mark Hill. The portfolio produces more than two million ounces of gold equivalent annually; the company expects production growth of over 20% in the next three years. » More on de.investing.com

Barrick Mining subscribes for 15,470,934 units of Kingfisher Metals for a total of approximately CAD 20.9 million, bringing its holding to about 9.9% currently, diluting up to 14.1%. Each unit consists of one share and one-half warrant; a full warrant entitles the holder in two years to acquire an additional share at CAD 1.70. Barrick secures extensive participation and veto rights on projects and commits to certain voting behaviour; in return the company offers technical support for drilling programmes in the 2027/2028 seasons. Kingfisher intends to invest at least 80% of the proceeds in exploration and development of the HWY-37 project in the Golden Triangle. The closing is subject to customary conditions and the approval of the TSX Venture Exchange, planned no later than July 27, 2026. » More on finanzen.net

Barrick has released its 2025 sustainability report, saying reportable workplace injuries have fallen by 60% since 2020 and lost-time injuries decreased 28% year on year. 96% of employees and 76% of suppliers are from host countries; more than USD 7.1 billion went to local suppliers, and the company invested over USD 62 million in community-led development projects. Barrick achieved improvements in water reuse and recycling, holds an A on its sustainability scorecard, and also posted strong financials with USD 19 billion in revenue and a 55% gross profit margin. » More on de.investing.com

Barrick Mining beat expectations in the first quarter of 2026 with adjusted earnings per share of $0.98 and revenue of $5.22 billion. Production was 719,000 ounces of gold, free cash flow rose significantly, and the stock climbed almost 8%. The company announced a share buyback program of up to $3 billion, confirmed its full-year guidance of 2.90–3.25 million ounces, and is on schedule for the planned IPO of its North American business. A quarterly dividend of $0.175 per share was also declared. » More on de.investing.com