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Investing.com -- Barrick Mining (NYSE:GOLD) stock spiked 3% in the final hour of trading Friday after Reuters reported that the gold miner is considering splitting into two separate entities.
According to the report, Barrick’s board has discussed the possibility of dividing the company into two distinct operations - one focused on North America and another concentrating on Africa and Asia.
The potential restructuring could also involve the outright sale of Barrick’s African assets and the Reko Diq mine in Pakistan, sources familiar with the matter told Reuters.
The late-session jump came as investors reacted to the news of this possible strategic reorganization, which could potentially unlock value by separating the company’s diverse geographic operations.
Barrick Mining, one of the world’s largest gold producers, has operations spanning multiple continents. The company has not yet made any official announcement regarding the potential split or asset sales mentioned in the report.