Newmont Affirms Commitment to Joint Venture Protections Amid Barrick IPO Plans

Reuters
Feb 09
Newmont Affirms Commitment to Joint Venture Protections Amid Barrick IPO Plans

Newmont Corporation has issued a statement addressing investor questions and media reports surrounding Barrick Mining Corporation's plans for an IPO of its North American gold assets, which include interests in Nevada Gold Mines $(NGM)$, Pueblo Viejo, and Fourmile. Newmont emphasized that any transactions involving joint ventures must comply with existing agreements, particularly transfer restrictions. The company also expressed concern over a decline in NGM’s operational performance and asset value over the past six years, stating it is taking steps to address these issues with Barrick. Newmont reaffirmed its focus on protecting long-term value and acting in the best interests of its shareholders.

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