Topic

IPOs and carve-outs

First sales of shares to public investors, including the separate listing of a division by a parent company that is already public.

Current clusters

invest1 publisher

Barrick nearly tripled free cash flow while mining 17% less gold

Free cash flow of $3.87 billion in 2025 was 194% above 2024 even as gold output fell to 3.26 million ounces, and the board now promises shareholders half of attributable free cash flow as it prepares a North American IPO.

Publishers:barrick.com

Reality

Evidence58
Adoption55
Hype gap+25
Incentives82
Confidence65