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Barrick Advances North American and African IPO Plans After Strong Q1 Results

Barrick Gold advances IPO plans for its North American and African assets on June 18 following robust Q1 production that beat guidance and 67% revenue growth. The move caps a three-week wave of corporate actions across the gold sector. Key milestones include Novo regaining full control of Egina on May 26, JZR assuming Vila Nova operatorship on May 28, Zodiac appointing Brett Richards chair on June 1, CANEX closing the Gold Basin deal on June 11, Triple Flag purchasing a $440 million Ravenswood stream on June 12, Goldgroup completing the San Francisco acquisition on June 15, and Majestic Gold securing conditional approval for a C$49.2 million placement on June 17.

Category

Gold

Sentiment

Bullish

Event

Corporate action

Reading time

1 min