Feb 5 (Reuters) - Barrick Mining (ABX.TO) , opens new tab said on Thursday it would move forward with preparations for an initial public offering of its North American gold assets and named interim head Mark Hill as its chief executive officer and president.

U.S.-listed shares of the company were up 2% in premarket trading.

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Barrick in September named veteran executive Mark Hill as interim president and CEO following the sudden resignation of Mark Bristow.

The IPO, expected to be completed by late 2026, would house Barrick's interests in Nevada Gold Mines, Pueblo Viejo and its wholly owned Fourmile project in Nevada.

Barrick plans to retain a controlling stake in the new entity following the listing.

Separately, the company beat Wall Street estimates for fourth-quarter profit on higher gold prices.

The gold miner reported an adjusted profit of $1.04 per share for the three months ended December 31, compared with the average analyst estimate of 90 cents, according to data compiled by LSEG.

https://www.reuters.com/sustainability/boards-policy-regulation/barrick-mining-names-mark-hill-ceo-2026-02-05/