Barrick Mining confirmed on Tuesday that Wessel Hamman will assume the role of chief financial officer for the company that will own its North American operations following a planned initial public offering. The firm also said that Tim Cribb will serve as chief operating officer of the new business.
The planned IPO is intended to intensify operational focus on Barrick’s North American mines and to unlock value by providing the business with dedicated leadership and greater strategic flexibility. The company reported that those North American mines produced about 2 million ounces of gold attributable to Barrick in 2025.
Earlier in the year, Barrick named its current interim chief executive officer, Mark Hill, to lead the North American unit as chief executive and president.
The spun-out company will operate under the name North American Barrick. Its asset base will include the Carlin, Cortez and Turquoise Ridge operations that form part of the Nevada Gold Mines complex, which the company describes as the largest gold-producing region in the world.
In addition to the Nevada operations, North American Barrick will include the Fourmile gold project, situated adjacent to Nevada Gold Mines, as well as the Pueblo Viejo mine in the Dominican Republic.
According to the company, North American Barrick is expected to pursue a primary listing in New York and a secondary listing in Toronto. Barrick said the IPO remains on track to be completed by the end of 2026.
Operational context - The leadership appointments for North American Barrick position a finance and operations team to manage a concentrated portfolio of high-profile mining assets and projects.
Timing - The proposed timetable targets completion of the IPO process by the end of 2026, with dual exchange listings planned.
Note: The information above reflects the company’s announcements regarding executive appointments, asset composition of the new entity, production figures cited for 2025, and the expected listing plan and timing.