Barrick-Newmont Nevada JV Agreement Finalized: $1.95B Cash Payment and Project Contributions
B sits 79% above its 52-week low of $23.435.
Summary
Barrick and Newmont finalized their Nevada Gold Mines JV agreement, with Newmont paying Barrick $1.95 billion in cash and both companies contributing key development projects to the joint venture.
Key Events · M&A and Partnerships · B
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JV Agreement Executed
On August 10, 2026, Barrick and Newmont signed the Second Amended and Restated LLC Agreement for Nevada Gold Mines LLC, resolving a long-running dispute over JV management and project contributions.
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$1.95B Cash Payment to Barrick
Newmont Member will pay Barrick Member $1,950,000,000 in cash within 30 days of the Fourmile Project contribution to the JV.
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Project Contributions
Barrick contributes the Fourmile Project, and Newmont contributes the Mike and Fiberline Projects to the JV simultaneously as soon as reasonably practicable.
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Capital Contribution Values
Barrick Member's deemed capital contribution is $3,114,935,064.94, and Newmont Member's is $1,950,000,000, with corresponding adjustments to notional capital accounts.
Analysis · B · Energy & Transportation
The long-running dispute over the Nevada Gold Mines joint venture has been resolved with the execution of a Second Amended and Restated LLC Agreement. Under the terms, Newmont will pay Barrick $1.95 billion in cash within 30 days of the Fourmile Project contribution, while Barrick contributes the Fourmile, Mike, and Fiberline projects to the JV. Barrick's deemed capital contribution is $3.11 billion, and Newmont's is $1.95 billion. The detailed governance and funding terms provide clarity on how the world's largest gold mining complex will operate going forward.
At the time of this filing, B was trading at $42.05 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $68.5B. The 52-week trading range was $23.44 to $54.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.