Barrick Gold signs five-year AI deal with Avathon, eyes IPO

Avathon: Avathon is a provider of Physical AI and autonomy platforms focused on industrial operations, with applications in sectors including mining. The company has secured a five-year contract with Barrick's North American business to deploy its Autonomy Platform, integrating data and AI intelligence throughout the mining value chain. This development positions Avathon ahead of its planned IPO. Barrick Gold: Barrick Gold is a major international gold mining company with extensive operations including significant assets in North America. Its North American business unit has entered a strategic partnership with Avathon to implement an AI-native operating model across its gold portfolio. This initiative aligns with Barrick's preparations for a planned IPO of its North American gold assets. IPO Preparations: Barrick Gold is advancing plans for a standalone public listing of its North American gold assets while enhancing technological capabilities through strategic partnerships. AI Adoption in Mining: Major mining operators are shifting toward integrated Physical AI systems that connect operational data, processes, and knowledge across the full value chain from exploration to supply chain.