Escalating Dispute Threatens Barrick’s Strategic Reorganization Plans
21.02.2026 - 09:58:04 | boerse-global.de
A significant partnership at the heart of Barrick Gold’s portfolio is under strain. Newmont Corporation, its joint venture partner in Nevada Gold Mines (NGM), has issued a formal notice of default, alleging mismanagement by the operator. This conflict represents more than a routine operational disagreement; it strikes directly at Barrick’s strategy to consolidate its North American gold assets into a separate entity.
The dispute centers on accusations that Barrick diverted resources from the jointly owned NGM to benefit its wholly owned Fourmile development project. Newmont stated it had initially raised concerns about potential mismanagement with Barrick and the NGM board in late January. Following this, a formal default Read more...
CA0679011084 | ESCALATING
