Markets
World
Barrick Files for IPO of American Barrick Gold With $1.25 Billion Dividend Plan
American Barrick has filed an S-1 and intends to apply to list on the NYSE as ABGC. Barrick expects to keep a majority stake and return IPO proceeds to its shareholders.
TORONTO – Barrick Mining Corporation said on 10 November 2026 that American Barrick Gold Corporation, the company that will hold its North American gold assets, has filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering. American Barrick intends to apply to list its common stock on the New York Stock Exchange under the ticker symbol ABGC.
Highlights
- American Barrick Gold Corporation filed a Form S-1 with the US Securities and Exchange Commission on 10 November 2026.
- The company intends to apply to list on the New York Stock Exchange under the ticker symbol ABGC.
- It expects to pay an annualized base dividend of $1.25 billion a year, distributed quarterly, subject to board approval.
- The new company would hold Barrick’s 61.5% interest in Nevada Gold Mines and its 60% interest in Pueblo Viejo.
- Barrick expects to retain majority ownership, and the registration statement has not yet become effective.
The proposed offering
The number of shares to be offered and the proposed price range have not yet been determined, Barrick said in its announcement. Net proceeds from the IPO will be distributed to Barrick, which expects to return them to its shareholders. The offering is subject to market conditions and completion of the SEC review process.
A registration statement has been filed but has not become effective, so the shares may not be sold until the SEC declares it effective. Goldman Sachs, BofA Securities, Citigroup and RBC Capital Markets are listed as the banks from which eligible investors may request a preliminary prospectus.
Mark Hill is named in the filing as American Barrick’s president and chief executive officer. The company will be based in Henderson, Nevada. Hill told analysts the offering could close this year or in early 2027, depending on the regulator’s review, The Northern Miner reported.
The assets
According to the Form S-1, American Barrick would hold Barrick’s 61.5% controlling interest in the Nevada Gold Mines joint venture and its 60% controlling interest in the Pueblo Viejo mine in the Dominican Republic. Newmont Corporation is the partner in both operations.
In August 2026, Barrick and Newmont signed an agreement under which Barrick is contributing the Fourmile project in Nevada to Nevada Gold Mines, the filing says. Barrick expects to remain the majority owner of American Barrick after the offering.
Fourmile
An initial assessment included with the S-1 outlines a conceptual underground mine at Fourmile with indicative project capital of about $2.6 billion. It points to a full-production run rate of about 750,000 to 850,000 ounces of gold a year on a 100% basis, with ramp-up to that run rate by 2034.
Barrick’s 2025 preliminary economic assessment had estimated capital of about $1.5 billion to $1.7 billion and average annual production of about 600,000 to 750,000 ounces. The larger case in the new assessment is preliminary. About 83% of the mineral resources used in that economic analysis are classified as inferred, which the filing says are too speculative to be treated as mineral reserves, and there is no certainty the assessment will be realized.
Dividend policy
In connection with the offering, American Barrick said it will adopt a dividend policy, approved by Barrick, under which it expects to pay an annualized base dividend of $1.25 billion, paid quarterly. After reinvestment in its assets and growth projects, it also expects to return free cash flow above a target net cash position through special dividends, subject to the board’s discretion.
The $1.25 billion figure is a policy target, not a guaranteed payout.
Sources
- Barrick: Announces American Barrick and S-1 Filing for Proposed Initial Public Offering
- American Barrick Gold Corporation: Form S-1, filed 10 November 2026
- Barrick: Updated Studies Confirm Fourmile as One of This Century’s Most Significant Gold Finds (2025 PEA)
- The Northern Miner: Barrick files for IPO with $1.25B dividend plan
Written by
Nonofo Joel
Nonofo Joel, a Business Analyst at Brimco, has a passion for mineral economics and business innovation. He also serves on the Lehikeng Board as a champion of African human capital growth.
