Barrick names North America team ahead of IPO

North American Barrick will hold the Nevada Gold Mines joint venture with Newmont. (Image courtesy of Barrick Mining.)

Barrick Mining (TSX:ABX) (NYSE:B) announced on Tuesday the members of the new executive leadership team for its North American operations as the miner advances plans to pursue an initial public offering for the business.

Wessel Hamman will serve as chief financial officer and Tim Cribb as chief operating officer, the company said Tuesday.

The broader leadership team also includes Joe Heckendorn as chief legal officer and corporate secretary, Megan Tibbals as chief technical officer, Richard Barley as chief human resources officer, Javier Ortúzar as vice-president of exploration and Amanda Steensen as vice-president of sustainability.

Earlier this year, Barrick’s current interim CEO Mark Hill was named as North American unit’s chief executive and president.

Barrick signals deal push amid strategic reset

The Toronto-based miner, the world’s third-largest gold producer, is pursuing the IPO to sharpen operational focus and unlock value from its North American portfolio. The assets produced about 2 million attributable ounces of gold in 2025 and will operate with standalone leadership and greater flexibility under the new structure. Barrick plans to retain a significant controlling interest in the new company following the listing.

“This leadership team brings deep operational and financial expertise to the business,” Hill said in the statement. He added the IPO is expected to accelerate momentum by highlighting the attractiveness of the assets in a premier gold district.

North American Barrick

The new entity, to be called North American Barrick, will include the Carlin, Cortez and Turquoise Ridge operations within Nevada Gold Mines, the world’s largest gold-producing region. It will also include the Fourmile project next to Nevada Gold Mines and the Pueblo Viejo mine in the Dominican Republic.

North American Barrick is expected to have its primary listing in New York, with a secondary listing in Toronto.

Newmont-Barrick rift over Nevada heats up

The IPO is targeted for completion by the end of 2026 and has been viewed by analysts as a potential catalyst to revive Barrick’s share performance after years of cost overruns and missed profit targets.

The company said it is working with joint venture partner Newmont (NYSE: NEM) to align on the transaction and improve performance at Nevada Gold Mines.