Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION
Barrick Gold (NYSE:GOLD)(TSX:ABX) has announced plans to change its name to Barrick Mining , subject to shareholder approval at its Annual Meeting on May 6, 2025. The company will also change its NYSE ticker symbol from 'GOLD' to 'B', effective May 9, 2025, while maintaining 'ABX' on the Toronto Stock Exchange.
CEO Mark Bristow explained that the rebranding better reflects Barrick's expanding business model, which includes both gold and copper mining operations. While maintaining its foundation in gold mining with six Tier One gold mines, the company is developing a substantial copper business to diversify its portfolio. Key projects include the expansion of Pueblo Viejo, the Fourmile gold project in Nevada, and the Reko Diq project featuring both copper and gold deposits.
Barrick Gold (NYSE:GOLD)(TSX:ABX) ha annunciato l'intenzione di cambiare il proprio nome in Barrick Mining, soggetto all'approvazione degli azionisti durante l'Assemblea Annuale del 6 maggio 2025. La società modificherà anche il simbolo ticker sul NYSE da 'GOLD' a 'B', a partire dal 9 maggio 2025, mantenendo invece 'ABX' sulla Borsa di Toronto.
Il CEO Mark Bristow ha spiegato che il rebranding riflette meglio il modello di business in espansione di Barrick, che comprende operazioni minerarie sia d'oro che di rame. Pur mantenendo la propria base nell'estrazione dell'oro con sei miniere di primo livello, l'azienda sta sviluppando un'importante attività di rame per diversificare il portafoglio. Tra i progetti principali figurano l'espansione di Pueblo Viejo, il progetto aurifero Fourmile in Nevada e il progetto Reko Diq, che include depositi sia di rame che di oro.
Barrick Gold (NYSE:GOLD)(TSX:ABX) ha anunciado planes para cambiar su nombre a Barrick Mining, sujeto a la aprobación de los accionistas en la Junta Anual del 6 de mayo de 2025. La compañía también cambiará su símbolo bursátil en la NYSE de 'GOLD' a 'B', a partir del 9 de mayo de 2025, manteniendo 'ABX' en la Bolsa de Toronto.
El CEO Mark Bristow explicó que el cambio de marca refleja mejor el modelo de negocio en expansión de Barrick, que incluye operaciones mineras tanto de oro como de cobre. Aunque mantiene su base en la minería de oro con seis minas de primer nivel, la empresa está desarrollando un negocio considerable de cobre para diversificar su portafolio. Los proyectos clave incluyen la expansión de Pueblo Viejo, el proyecto aurífero Fourmile en Nevada y el proyecto Reko Diq, que cuenta con depósitos de cobre y oro.
Barrick Gold (NYSE:GOLD)(TSX:ABX)는 2025년 5월 6일 주주총회 승인을 조건으로 Barrick Mining으로 사명 변경 계획을 발표했습니다. 또한 2025년 5월 9일부터 NYSE 티커 심볼을 'GOLD'에서 'B'로 변경하며, 토론토 증권거래소에서는 'ABX'를 유지할 예정입니다.
CEO 마크 브리스토우는 이번 리브랜딩이 금과 구리 채굴 사업을 모두 포함하는 Barrick의 확장된 비즈니스 모델을 더 잘 반영한다고 설명했습니다. 여섯 개의 최상위 금광을 기반으로 유지하면서도, 회사는 포트폴리오 다각화를 위해 상당한 구리 사업을 개발 중입니다. 주요 프로젝트로는 Pueblo Viejo 확장, 네바다의 Fourmile 금광 프로젝트, 그리고 구리와 금 매장지가 모두 포함된 Reko Diq 프로젝트가 있습니다.
Barrick Gold (NYSE:GOLD)(TSX:ABX) a annoncé son intention de changer de nom pour Barrick Mining, sous réserve de l'approbation des actionnaires lors de l'Assemblée annuelle du 6 mai 2025. La société changera également son symbole boursier au NYSE de 'GOLD' à 'B', à compter du 9 mai 2025, tout en conservant le symbole 'ABX' à la Bourse de Toronto.
Le PDG Mark Bristow a expliqué que ce rebranding reflète mieux le modèle commercial élargi de Barrick, qui comprend des opérations minières d'or et de cuivre. Tout en conservant sa base dans l'extraction de l'or avec six mines de premier plan, l'entreprise développe une activité importante dans le cuivre afin de diversifier son portefeuille. Les projets clés incluent l'expansion de Pueblo Viejo, le projet aurifère Fourmile au Nevada, et le projet Reko Diq, qui comporte des gisements de cuivre et d'or.
Barrick Gold (NYSE:GOLD)(TSX:ABX) hat Pläne angekündigt, seinen Namen in Barrick Mining zu ändern, vorbehaltlich der Zustimmung der Aktionäre auf der Jahreshauptversammlung am 6. Mai 2025. Das Unternehmen wird außerdem sein NYSE-Tickersymbol von 'GOLD' auf 'B' ändern, wirksam ab dem 9. Mai 2025, während 'ABX' an der Toronto Stock Exchange beibehalten wird.
CEO Mark Bristow erklärte, dass das Rebranding das erweiterte Geschäftsmodell von Barrick besser widerspiegelt, das sowohl Gold- als auch Kupferbergbau umfasst. Während die Grundlage im Goldbergbau mit sechs erstklassigen Goldminen erhalten bleibt, entwickelt das Unternehmen ein bedeutendes Kupfergeschäft, um sein Portfolio zu diversifizieren. Zu den wichtigsten Projekten gehören die Erweiterung von Pueblo Viejo, das Fourmile-Goldprojekt in Nevada und das Reko Diq-Projekt mit Kupfer- und Goldvorkommen.
- Diversification into copper mining expands revenue potential
- Maintains strong gold mining foundation with six Tier One gold mines
- Strategic expansion through multiple development projects (Pueblo Viejo, Fourmile, Reko Diq)
- None.
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today announced that it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French, subject to shareholder approval at its upcoming Annual and Special Meeting of Shareholders on May 6, 2025.
In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start of trading on May 9, 2025. The Barrick common shares will continue to trade under the ‘ABX’ ticker symbol on the Toronto Stock Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025 will be 06849F108.
“Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to growing our production volumes in the coming years and beyond,” says Barrick president and chief executive Mark Bristow. “Barrick Mining Corporation and our new stock symbol, ‘B’, better reflect Barrick’s current business and our mission to achieve sustainable and profitable gold and copper growth. Gold remains core to our foundation and we will continue to explore for and develop new gold mines, including the expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and exemplified by the Reko Diq project with its world class mix of both copper and gold,” Bristow said.
Further information concerning the name change and the upcoming Annual and Special Meeting of Shareholders is set out in the Company’s 2025 Information Circular, available at www.barrick.com/agm and filed on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov)
Enquiries
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking Information
Certain information contained in this press release constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “build”, “strategy”, “commitment”, “develop”, “replenish”, “secure”, “transform”, “continue”, “expand”, “grow”, ““expand”, “extension”, “invest”, “will” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick’s future plans and the timing for such plans, growth potential, financial strength, investments and overall strategy; and expectations regarding future price assumptions, financial performance, shareholder returns and other outlook or guidance.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information.
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
FAQ
When will Barrick Gold (GOLD) change its NYSE ticker symbol to 'B'?
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