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🟫 Newmont Pressures Barrick to Boost Nevada Output Before Planned IPO
Newmont Corporation, a major partner in the Nevada Gold Mines joint venture, is demanding that Barrick Mining improve operational performance at their Nevada assets before Barrick moves forward with an IPO of its North American mining business later this year. Newmont says any spin‑off must comply with joint‑venture agreements and protect shareholder value.
Key Facts:
• Newmont has raised concerns over underperformance and rising costs at the Nevada Gold Mines joint venture.
• The company says it may block or delay Barrick’s planned IPO unless issues are addressed and joint‑venture protections are respected.
• Barrick’s IPO would include a minority stake (10–15%) in North American assets, including Nevada, Fourmile, and Pueblo Viejo operations.
• Shares of both Newmont and Barrick have risen on the news as the dispute highlights value and operational challenges in the sector.
Expert Insight:
This standoff underscores the strategic importance of the **Nevada Gold Mines venture — one of the world’s most valuable gold assets — and shows how governance and performance issues can shape major IPO decisions in the mining space.
#Newmont #Barrick #IPO #NevadaGoldMines #MineralMarkets $XAG $XAU $PAXG
Newmont Corporation, a major partner in the Nevada Gold Mines joint venture, is demanding that Barrick Mining improve operational performance at their Nevada assets before Barrick moves forward with an IPO of its North American mining business later this year. Newmont says any spin‑off must comply with joint‑venture agreements and protect shareholder value.
Key Facts:
• Newmont has raised concerns over underperformance and rising costs at the Nevada Gold Mines joint venture.
• The company says it may block or delay Barrick’s planned IPO unless issues are addressed and joint‑venture protections are respected.
• Barrick’s IPO would include a minority stake (10–15%) in North American assets, including Nevada, Fourmile, and Pueblo Viejo operations.
• Shares of both Newmont and Barrick have risen on the news as the dispute highlights value and operational challenges in the sector.
Expert Insight:
This standoff underscores the strategic importance of the **Nevada Gold Mines venture — one of the world’s most valuable gold assets — and shows how governance and performance issues can shape major IPO decisions in the mining space.
#Newmont #Barrick #IPO #NevadaGoldMines #MineralMarkets $XAG $XAU $PAXG
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