Newmont and Barrick Amend Nevada Gold Mines Deal, Resolve Disputes
Filed with the SEC on · Summarized by InvestorsBot
Newmont and Barrick agreed to contribute excluded properties—including Barrick’s Fourmile and Newmont’s Fiberline and Mike developments—to the Nevada Gold Mines joint venture, with Newmont providing Barrick $1.95 billion in consideration. The amended agreement resolves their outstanding NGM disputes, adds governance changes, and gives Newmont’s consent to Barrick’s proposed IPO of its North American gold assets; the property contributions and other terms remain subject to applicable approvals and conditions.