Barrick and Newmont Agree on Nevada Gold Mines JV, Settling Disputes
Barrick and Newmont agreed to amend the Nevada Gold Mines joint venture, adding excluded properties including Barrick’s Fourmile and Newmont’s Fiberline and Mike developments and closing all outstanding disputes. Newmont also consented to Barrick’s proposed North American gold-assets IPO, with a modernized governance framework and $1.95 billion consideration from Newmont to Barrick.