Barrick Mining's plan to list a minority stake in its Nevada and Dominican Republic operations by year-end 2026 is facing resistance from major shareholders including Van Eck Associates, Mackenzie Financial and Franklin Equity Group, which argue the restructuring would dilute existing investors' exposure to the company's most profitable mines by as much as 15%. The push comes just after Barrick and Newmont settled their Nevada Gold Mines dispute, with Newmont agreeing to pay Barrick $1.95 billion, add Mike and Fiberline to the venture, accept Barrick's addition of Fourmile and support the IPO, removing a key obstacle to the separation. Barrick intends to retain majority control of the new company and has named Mark Hill to lead it, but the market reacted negatively, sending the shares down as much as 9.7% in New York on Monday. The fight has intensified scrutiny of Chairman John Thornton's record as Barrick has lagged Newmont and Agnico Eagle Mines in share performance and slipped to third in global gold production last year, even as second-quarter revenue, cash flow, earnings and gold output improved and full-year guidance remained unchanged.