Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy
    Projects
    Contract Award

    Barrick US assets IPO and CEO move: project and portfolio lens for mine planners

    February 5, 2026|

    Reviewed by Tom Sullivan

    Barrick US assets IPO and CEO move: project and portfolio lens for mine planners

    First reported on MINING.com

    30 Second Briefing

    Barrick Mining plans to spin off its North American gold assets, including its stake in Nevada Gold Mines, Pueblo Viejo and the 4.6 million indicated tonnes at 17.59 g/t Au Fourmile deposit, into a New York–listed “NewCo” by late 2026 while retaining a significant majority interest. Interim chief Mark Hill, a 20-year Barrick veteran involved in the original Fourmile exploration decision and the Loulo-Gounkoto permit settlement in Mali, has been confirmed as CEO. Barrick has also launched a full review of the $7.7 billion Reko Diq copper-gold project in Pakistan after security incidents, despite reporting record Q4 net income of $2.4 billion and raising its dividend to US$0.42 per share.

    Technical Brief

    • Reko Diq’s full-project review covers all aspects of the US$7.7 billion copper–gold development after security incidents.
    • Fourth-quarter net income reached US$2.4 billion, or US$1.43 per share, more than doubling year-on-year.
    • Adjusted Q4 earnings of US$1.04 per share exceeded analyst consensus, strengthening balance-sheet capacity for capex decisions.

    Our Take

    Spinning out North American gold assets such as Nevada Gold Mines into a separate vehicle would leave Barrick’s remaining portfolio more heavily weighted to large copper‑gold growth projects like the US$7.7‑billion Reko Diq, echoing its recent copper‑focused moves at Lumwana in Zambia covered elsewhere in our database.

    With North American properties contributing over half of Barrick’s gold output, an IPO by late 2026 would likely create a sizeable new pure‑play gold producer at a time when our coverage shows other majors like Newmont are grappling with heightened price volatility in gold and copper.

    The Mali settlement around Loulo‑Gounkoto, including a 10‑year permit renewal and release of 3 tonnes of seized gold for a US$253‑million payment, reduces political risk in West Africa just as Barrick is signalling a potential structural separation of its lower‑risk North American gold business from more complex jurisdictions.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Boss Energy sticks to Honeymoon guidance: wet-season lessons for ISR engineers
    Mining
    about 9 hours ago

    Boss Energy sticks to Honeymoon guidance: wet-season lessons for ISR engineers

    Boss Energy will keep its 2025–26 production guidance for the Honeymoon in-situ recovery uranium project in South Australia despite a rain-hit quarter that reduced output. Heavy rainfall disrupted wellfield access and slowed resin loading from the ion-exchange columns, temporarily constraining plant throughput. Management is banking on improved dry-season access and additional production wells coming online to recover volumes, signalling confidence in the leach circuit and groundwater management strategy rather than revising guidance after a single weather-affected quarter.

    Sandvik Ranger DX1010i drill rig: design and productivity notes for mine planners
    Mining
    about 10 hours ago

    Sandvik Ranger DX1010i drill rig: design and productivity notes for mine planners

    Sandvik is set to launch the Ranger DX1010i top hammer surface drill rig at CONEXPO‑CON/AGG 2026, targeting high‑productivity mining and quarry bench drilling. The DX1010i builds on the Ranger DXi platform with 290°–360° revolving superstructure coverage and an integrated Sandvik rock drill, enabling fewer set‑ups and faster drilling cycles on 76–127mm holes. For mine planners and drill‑and‑blast engineers, the extended reach and automated drilling controls are aimed at tighter pattern accuracy and reduced non‑drilling time on large benches.

    Kalamazoo’s new CEO: development and de-risking lens on 1.44Moz gold projects
    Mining
    about 11 hours ago

    Kalamazoo’s new CEO: development and de-risking lens on 1.44Moz gold projects

    Kalamazoo Resources has appointed seasoned mining executive Andrew McDougall as chief executive officer to drive development of its 1.44-million-ounce gold portfolio in Western Australia and Victoria. McDougall, who previously held senior roles with mid-tier producers and project developers, is expected to focus on advancing the Castlemaine and Ashburton projects through resource growth and study de-risking. The leadership change signals a push from exploration-led value to near-term development, with implications for drilling contractors, study consultants and potential JV or farm-in partners.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.