Newmont to Pay Barrick $1.95 Billion for Nevada Gold Mines Settlement

Newmont will pay Barrick Gold $1.95 billion in cash within thirty days, settling an obligation tied to the Nevada Gold Mines joint venture, Barrick disclosed August 10 in its Q2 2026 results. Barrick operates NGM; Newmont holds 38.5%. The payment doesn't alter the 61.5/38.5 ownership split. Barrick's planned North American spin-off still needs Newmont's consent.