The mining company, which is splitting its North American and global assets into two companies, said in its quarterly report that it plans to file a U.S. prospectus this month, and aims to list the company containing its North American assets on the New York Stock Exchange by early next year. (The Logic)

Talking point: Barrick’s decision to ditch Toronto for the primary listing of its North American assets may be closely watched in the mining industry and capital markets alike, given that the Toronto Stock Exchange is home to about 40 per cent of global mining stocks. Barrick, which is currently listed in Toronto and New York, did not say in the filing whether it would continue seeking a secondary listing in Toronto for its North American business. Barrick has warned for many years that the U.S. market was tempting because of the company’s ambitions to join the S&P 500 and gain exposure to more investors. It said Monday that its third-quarter revenue was up 22 per cent year-over-year amid a jump in mining yields from one of its Nevada sites and continued high gold prices, which hit a record in January of this year.

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