Mining giant Barrick Gold is set to list its gold mining spinoff on the New York Stock Exchange later this year, according to a recent announcement. The move is part of the company's efforts to separate its high-margin gold assets from its lower-margin copper and iron ore operations. By listing its gold-focused business on the NYSE, Barrick aims to unlock value for its shareholders and provide investors with a clearer picture of its gold production and revenue streams. The spinoff is expected to be one of the largest in the mining industry in recent years, with the new company boasting a significant portfolio of gold mines around the world.
Barrick Picks New York for Gold Spinoff Later This Year Bloomberg
