Barrick Shares Approach New Highs on Strategic Shifts

Barrick Mining Corporation's equity has demonstrated remarkable strength throughout the current year, consistently trending upward. The stock has surged by more than 130% since January, bringing it within striking distance of its 52-week peak. This powerful rally is fueled by a combination of favorable gold prices and, more significantly, specific corporate actions including a potential spin-off of its North American operations and substantial investments from major institutional players.

The company's solid financial foundation supports the bullish sentiment. Barrick exceeded profit expectations in its third-quarter results. Furthermore, the sale of the Tongon mine for $305 million provided an additional boost to its balance sheet. Operating with a leverage ratio notably below the industry average, the miner possesses ample financial flexibility to pursue its planned restructuring.

The year 2025 also signifies a corporate identity shift. The rebranding from "Barrick Gold" to "Barrick Mining Corporation" (Ticker: B) highlights an increasing strategic emphasis on its copper business, driven by major projects such as Reko Diq and Lumwana.

Should investors sell immediately? Or is it worth buying Barrick?

Restructuring Plans Capture Market Attention

At the core of the recent share price performance is management's exploration of an initial public offering (IPO) for its North American portfolio. This initiative would consolidate premium assets—including the "Nevada Gold Mines" joint venture, the Pueblo Viejo mine, and the Fourmile project—under a new corporate entity. Market experts suggest this move could unlock hidden value that the market has not fully recognized within the current conglomerate structure.

Major Investors Show Conviction

Additional momentum comes from recent regulatory filings revealing significant new positions taken by prominent institutional investors. Entities such as Kopernik Global Investors, Slate Path Capital, and Manufacturers Life Insurance have established substantial stakes. A critical point for context: this data reflects purchasing activity from the second quarter of 2025. Observers interpret this early commitment from seasoned investors as a strong vote of confidence in the management's long-term strategic vision.

Market focus now turns to the upcoming decisions from Barrick's board regarding the precise structure of the proposed North American IPO. Analysts at National Bankshares maintain an optimistic outlook, issuing a price target of C$77.50, which suggests further potential upside for the stock.