Barrick hopes to do NGM spinoff soon - Elko Daily Free Press

AI desk brief

Barrick aims to spin off North American Barrick, including its Nevada Gold Mines interest, within two or three months, with management allowing for completion to slip into the following year. The company reported third-quarter 2026 gold production of 816,000 ounces and expects to meet full-year guidance of 2.9–3.25 million ounces. North American all-in sustaining costs rose to $1,731 per ounce from $1,450 a year earlier. The restructuring primarily affects corporate ownership; the report does not establish a material near-term bullion-price effect, while potential additional mine supply remains dependent on development and permitting.