Barrick Mining misses second-quarter profit estimates, settles Nevada dispute with Newmont

The company said it had reached an agreement with Newmont under which Barrick's Fourmile and Newmont's Fiberline and Mike projects will contribute to the Nevada Gold Mines joint venture, resolving all outstanding disputes between the partners.

The deal includes revised governance provisions and a $1.95 billion payment from Newmont to Barrick.

Aug. 10 (Reuters) - Barrick Mining missed second-quarter profit estimates on Monday due to rising production costs and retrospective tax penalties in Mali, despite beating gold output targets.

The Canadian gold miner reported adjusted profit of 82 cents per share for the three months ended June 30, compared with analysts' average estimate of 88 cents per share, according to data compiled by LSEG.