Barrick and Newmont Settle Nevada Gold Mines Disputes in $1.95B Deal

Barrick Gold and Newmont resolved all disputes over their Nevada Gold Mines joint venture, Barrick announced August 10. Newmont pays Barrick US$1.95 billion to address valuation imbalances in assets each contributed to the venture — the world's largest gold-mining complex, which Barrick operates as 61.5% owner. No valuation methodology was disclosed.