(Corrects media packaging code formatting to BARRICK MINING-DIVESTITURE/) Dec 1 (Reuters) – Barrick Mining said on Monday it was exploring an initial public offering of a subsidiary that would hold its North American gold assets. A split would reverse Barrick's 2019 merger with Randgold Resources, and comes as investors pressure the miner to use a historic rally in gold prices to boost returns, while shedding riskier assets in Africa, Papa New Guinea and Pakistan's Reko Diq. Reuters had reported in November Barrick was considering splitting into Africa- and North America-focused entities, citing sources. The new entity, which is headed for the IPO, would comprise of Barrick's joint venture interests in Nevada Gold Mines and Pueblo Viejo as well as the Fourmile gold discovery in Nevada. The Canadian miner plans to offer a small minority interest, while retaining a significant controlling majority interest, it said. (Reporting by Vallari Srivastava in Bengaluru; Editing by Leroy Leo and Shinjini Ganguli)
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