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Barrick, Newmont Settle Dispute with $1.9B Deal

  • On August 10, 2026, Barrick Mining Corporation and Newmont Corporation reached an agreement to contribute excluded properties—including Fourmile, Fiberline, and Mike—into their Nevada Gold Mines joint venture, concluding all outstanding disputes.
  • The modernized joint venture agreement includes enhanced governance provisions and provides $1.95 billion in consideration from Newmont to Barrick to reflect the property contributions.
  • Newmont has provided its consent to Barrick's proposed North American IPO of gold assets, positioning both companies to maximize the value of their Nevada Gold Mines joint venture.
  • Both companies will continue working to improve Nevada Gold Mines' safety and performance, aiming to unlock the full value of these assets and ensure long-term success for all stakeholders.
  • Barrick operates projects across 17 countries and five continents, serving as the largest gold producer in the United States, while Newmont remains a leading gold company producing copper, silver, and other metals.
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Barrick Mining has resolved a long dispute with rival Newmont over its operations in Nevada, guaranteeing a cash payment of $1.95 billion. Exclusive material for subscribers. To have full access, access the link of the material and register.

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Seeking Alpha broke the news in Ra'anana, Israel on Sunday, August 9, 2026.
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