Newmont and Barrick amend Nevada Gold Mines JV; Newmont to pay $1.95B for property contributions

NEWMONT Corp /DE/

Newmont to pay Barrick $1.95B cash within 30 days of Fourmile contribution to Nevada Gold Mines JV.
Barrick contributes Fourmile; Newmont contributes Fiberline and Mike; deemed capital contributions $3.11B and $1.95B respectively.
All outstanding disputes resolved; Newmont consents to Barrick's proposed IPO of North American gold assets.
Enhanced governance provisions under amended LLC agreement; JV assumes all liabilities of contributed projects.

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