Barrick Gold Corporation (NYSE:GOLD) is changing its name and ticker symbol to “better reflect” its current business and mission to achieve sustainable and profitable gold and copper growth.
The company is planning 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 6 May 2025.
From 9 May, the company’s shares listed on the New York Stock Exchange will change from the ticker symbol ‘GOLD’ to ‘B’.
Barrick’s shares will continue to trade under the ‘ABX’ ticker symbol on the Toronto Stock Exchange.
CEO Mark Bristow says Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company.
“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 says.
“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.”
Name changes are not uncommon among mining companies, particularly majors. As Mining.com.au reported in December 2024, Australian Securities Exchange (ASX) data shows between 2018 and 2024 almost 300 mining companies have undertaken a name change. As of the time of publication, almost 70 companies listed on the ASX have rebranded in 2024, of which more than half are in the mining and resources sector.
In November 2018, mining giant BHP Billiton dropped the Billiton from its moniker and now continues to trade as BHP. The company was originally formed from a merger between BHP and Billiton – from two small mining companies founded in the mid-1800s to a global diversified resources giant.
Write to Adam Orlando at Mining.com.au
Images: Barrick
