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Nevada Gold Mines

All articles tagged with #nevada gold mines

business1 hour ago•6 min saved

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.

via Mining.com|

#barrick #business #fourmile

mining1 hour ago•4 min saved

Barrick-Newmont truce paves way for major North American gold IPO

Barrick and Newmont have ended a long-running dispute by agreeing to fold Barrick’s Fourmile asset into the Nevada Gold Mines JV and allowing Barrick’s planned North American IPO, with Newmont paying about $2 billion to reflect Fourmile’s value; the deal includes governance changes at NGM and Barrick plans to float 10-15% of the North American business, while Barrick’s shares fell about 8% on the news.

via Financial Times|

#barrick #ipos #mining