Barrick and Newmont End Nevada Dispute with $1.95B Settlement, Clearing Path for Barrick IPO
Barrick and Newmont settle their Nevada dispute with a $1.95 billion payment from Newmont, merging Barrick’s Fourmile and Newmont’s Fiberline and Mike into Nevada Gold Mines, along with revised governance and Newmont’s consent to Barrick’s planned North American gold-assets IPO by year-end. The deal comes as Barrick posted a Q2 adjusted earnings miss due to higher costs, even as production rose.