Newmont pays $1.95 billion to contribute excluded properties into Nevada Gold Mines JV
NEM•Amended Nevada Gold Mines JV deal
Newmont reached an amended Nevada Gold Mines JV deal with Barrick to contribute previously excluded properties into the venture.
The transaction includes $1.95 billion in consideration from Newmont to Barrick tied to the asset contributions.
Disputes resolved and governance updated
The agreement resolves all outstanding disputes over the JV, adding enhanced governance terms under a modernized joint venture agreement.
Newmont also consented to Barrick’s proposed IPO of its North American gold assets following the settlement.
