Barrick names key executives for North American unit post IPO

FILE - This undated file photo shows Barrick Goldstrike Mines' Betze-Post open pit near Carlin, Nev. Barrick Goldstrike Mines and Newmont USA, the world's two largest gold mining companies, have agreed to pay nearly $600,000 in combined penalties in a deal with federal and state environmental regulators in Nevada. (AP Photo/Elko Daily Free Press, Adella Harding, file)

April 28 (Reuters) - Barrick Mining said on Tuesday Wessel Hamman will serve as the chief financial officer of the new company that will hold its North American assets following its IPO.

Tim Cribb will serve as the chief operating officer, the company added.

The planned IPO aims to sharpen operational focus and the value of Barrick’s North American mines, which produced about 2 million ounces of gold attributable to the company in 2025, while giving the business standalone leadership and flexibility.

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

The new entity, to be called North American Barrick, will include Carlin, Cortez and Turquoise Ridge operations in the Nevada Gold Mines complex, which is the largest gold-producing region in the world.

It will also include the Fourmile gold project located next to the Nevada Gold Mines as well as 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. The IPO is on track to be completed by end of 2026.

Reporting by Vallari Srivastava in Bengaluru; Editing by Shailesh Kuber