• Newmont and Barrick have agreed to contribute excluded properties to the Nevada Gold Mines JV
• The agreement concludes all outstanding disputes between the parties
• Newmont has consented to Barrick's proposed North American IPO
• The agreement includes enhanced governance provisions and $1.95 billion in consideration from Newmont to Barrick

Newmont Corporation and Barrick Mining Corporation have reached an agreement to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, into the Nevada Gold Mines joint venture. This agreement concludes all outstanding disputes between the parties and includes enhanced governance provisions under a modernized joint venture agreement. Newmont has provided its consent to Barrick's proposed IPO of its North American gold assets. The agreement includes consideration of $1.95 billion from Newmont to Barrick to reflect the contribution of excluded properties into the joint venture. This agreement positions both companies to maximize the value of the joint venture.

Newmont to provide $1.95 billion to Barrick for property contribution

The agreement positions both companies to maximize the value of the joint venture and improve safety and performance.