Newmont to Pay Barrick $1.95 Billion in Gold Mine Settlement

Newmont owes Barrick Gold $1.95 billion in cash within thirty days, Barrick reported August 10. The two companies share ownership of Nevada gold mines — Barrick runs them, Newmont owns 38.5%. This payment settles a partnership debt but changes nothing about who owns what. Barrick still needs Newmont's okay before spinning off its North American assets into a separate company.