Gold Miner Giants Clash: Newmont vs Barrick Over Nevada Joint Venture ⚒️
Mining rivals Newmont Corporation and Barrick Gold Corporation are publicly sparring over their massive Nevada Gold Mines joint venture — a key asset in North America’s largest gold mining hub. The dispute is adding uncertainty to Barrick’s strategic plans for a major spin-off or IPO of its North American assets.
• Newmont sent Barrick a formal “notice of default”, alleging mismanagement at the Nevada Gold Mines joint venture.
• The conflict threatens Barrick’s plan to list its North American gold portfolio later in 2026.
• Barrick holds a 61.5% controlling stake, Newmont 38.5%, but Newmont claims production and resource allocation issues.
• Despite strong Q4 results and dividends reported by Barrick, the disagreement over operations and governance could delay strategic moves.
Expert Insight:
This feud highlights how operational governance disputes between major partners can have broader implications for IPO timelines, asset valuations, and investor confidence — especially in a high-value joint venture like NGM.
#GoldMining #Newmont #Barrick #NevadaGoldMines #MiningNews $XAG $XAU $PAXG
