Barrick-Newmont Deal Clears Path for North American IPO

Barrick Mining has reached a deal with Newmont that resolves a dispute over their Nevada joint venture, clearing the path for the Canadian gold giant to proceed with an initial public offering of its North American assets. The agreement, announced on August 10, 2026, includes a $1.95 billion cash payment from Newmont to Barrick and settles all outstanding disagreements, allowing Barrick to move forward with its planned listing by the end of the year.

Under the terms of the settlement, Newmont will pay Barrick $1.95 billion within 30 days. In exchange, Barrick will contribute its Fourmile gold project into the Nevada Gold Mines joint venture, while Newmont will add its Mike and Fiberline properties. The combined Nevada complex is expected to hold nearly 100 million ounces of gold. Crucially, Newmont has also given its formal consent to Barrick's planned North American IPO, a key requirement under the joint venture agreement.

The deal ends a months-long conflict that began in February 2026 when Newmont issued a notice of default to Barrick, alleging mismanagement of the joint venture and declining performance. The dispute had threatened to derail Barrick's ambitious plan to spin...