Barrick and Newmont Settle Nevada Disputes, Barrick IPO Advances

M&A · PartnershipEarningsAnalyst
โดย Insider Monkey·US·Read original
Summary · why it matters

Barrick Mining and Newmont Corporation have reached a landmark agreement to resolve all disputes over their Nevada Gold Mines joint venture, with Newmont paying Barrick $1.95 billion in cash and both companies contributing key properties to the venture. The deal also secures Newmont's consent for Barrick's planned IPO of its North American assets, which remains on track for year-end 2026, with Mark Hill set to lead the new standalone company. In Q2 2026, Barrick reported revenue of $5.29 billion, producing 796,000 ounces of gold at an all-in sustaining cost of $1,866 per ounce, while Newmont generated $2.9 billion in operating cash flow and a record $2.20 billion in free cash flow, producing 1.29 million ounces at a lower cost of $1,621 per ounce. Analysts have responded positively, with Barclays raising Barrick's price target to $42 and CIBC lifting Newmont's to $170. Hedge fund sentiment diverged, with Barrick's institutional holders steady at 75 and Newmont's rising from 69 to 82 in Q1 2026.

Impact on stocks 5

Critical Materials & Supply Chain▲ · 2 stocks
Barrick Mining Corporation
B
▲ PositiveCapitalrelevance

Settlement with Newmont includes $1.95B cash payment and IPO advances, with positive analyst reaction.

Newmont Goldcorp Corp
NEM
▲ PositiveCapitalrelevance

Settlement resolves disputes and secures consent for Barrick IPO, with record free cash flow and analyst price target raise.

Financials▲ · 2 stocks
Materials▲ · 1 stocks

Theme Impact 1

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