Barrick’s Planned Spinoff Faces Legal Challenge from Joint Venture Partner

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A strategic move by Barrick Gold to unlock shareholder value has encountered a significant and potentially disruptive legal challenge. The mining giant’s announcement in December 2025 to pursue an initial public offering (IPO) for a selection of its North American gold assets is now under threat from its joint venture partner, Newmont Corporation.

The conflict centers on Nevada Gold Mines, a joint venture where Barrick holds a 61.5% controlling stake. Newmont issued a sharply worded statement on Monday, directly criticizing Barrick’s spinoff strategy. The partner corporation alleges a “deterioration of performance and resulting asset value” over the past six years at their jointly operated mines in Nevada.

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