$41.48—Stale · unknown old
NYSE • Last print unknown ago
$41.48—Stale · unknown old
Barrick Mining Corp. named Sebastiaan Bock as chief executive officer of its operations outside North America. This move comes as Chairman John Thornton advances plans to separate the company’s most valuable assets in an initial public offering later this year.
Canada’s Fortuna Mining Corp. agreed to buy the Bambadji gold project in Senegal for $200 million from Barrick Mining Corporation and IAMGOLD Corp.
Barrick Gold and Newmont Corporation have reached a truce regarding their Nevada joint venture, which had previously hindered plans for a spin-off. This agreement clears the way for the anticipated initial public offering (IPO).
Barrick Mining Corp. said it has reached an agreement with Newmont Corp. on their Nevada joint venture, opening the way for the Canadian company to list its North American assets in New York.
Barrick Mining Corp. shares slid, dropping the most since March, after investors were disappointed by the value of a deal the miner struck to hand rival Newmont Corp. a stake in a prized Nevada gold project in exchange for its support for Barrick’s planned listing of its North American assets.
John Thornton appeared ready last year to step down as chairman of Barrick Mining Corp. after a turbulent 12-year tenure. Instead, he seized control from his long-time CEO and is now driving a reinvention of one of the world’s largest gold producers.
Barrick Mining Corp. said it safely evacuated workers who had been stranded in their Barriales camp in northern Chile after severe storms blocked road access.