Barrick is advancing the planned initial public offering ("IPO") of a minority stake in a newly formed company that is expected to include Barrick’s interests in, and operatorship of, its North American gold assets, Nevada Gold Mines and Pueblo Viejo, the Fourmile project, all other North American exploration properties, and the Newmont contributed assets. The new entity will be the only North American pure play gold company with high-quality, long-life assets in low-risk jurisdictions.

Barrick continues to expect to complete the IPO by the end of 2026, subject to market and other conditions and necessary approvals.