Barrick considers spinning off its North American assets

A large haul truck pulls into a maintenance bay at Barrick’s Cortez Hills mine in Nevada. The miner is considering spinning off its North American assets. Photo by Barrick Mining

Barrick Mining Corp. is considering spinning off its North American assets as part of its latest efforts to jumpstart flailing investor interest.

The Toronto-based miner has been trading at a discount to its peers, and has dropped from being the largest gold mining company by market capitalization to the third-largest over the past five years.

Now, the board of directors has authorized interim chief executive Mark Hill — who replaced Mark Bristow in late September — to explore putting its mining assets in Nevada and the Dominican Republic into a separate entity that would have its own public listing. Barri