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.
26 Articles
26 Articles
Newmont share price on watch after Nevada Gold Mines JV deal with Barrick
The gold giant has released an update on its Nevada Gold Mines joint venture. The post Newmont share price on watch after Nevada Gold Mines JV deal with Barrick appeared first on The Motley Fool Australia.
IAMGOLD Announces Closing of Sale of Its Interest in the Bambadji Joint Venture in Senegal
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario–(Newsfile Corp. – August 10, 2026) – IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (“IAMGOLD” or the “Company”) today announced the completion of the sale of its indirect 35% interest in the Bambadji Joint Venture and its attributable interest in the Bambadji Sud exploration […]
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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