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NewmontAsset sale

Barrick believes agreement with Newmont paves the way for North American IPO

What happened

As part of a settlement with Barrick, Newmont will transfer its Mike and Fiberline projects to the Nevada Gold Mines joint venture.

Source

Article excerpt

((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Update to note that earnings estimates were updated in paragraph 4 of the previous version of the article, following data revision by LSEG; no changes were made to the body of the text) * Barrick and Newmont reach agreement to settle disputes concerning Nevada Gold Mines * Barrick expects its North American IPO to be finalized by end of 2026 * Barrick is looking for a new CEO to lead its activities outside North America Barrick Mining ABX.TO announced a rise in its second-quarter profit, supported by higher gold prices, and reached a $1.95 billion agreement with Newmont to settle disputes concerning Nevada Gold Mines. Newmont NEM.N has agreed to Barrick's plan to IPO its North American gold assets, the two companies said, paving the way for an IPO that Barrick expects to complete by the end of the year. Barrick is looking for a new CEO to lead its activities outside North America. CEO Mark Hill, who is expected to head the company's North American subsidiary, said he would prioritize an internal candidate. The Canadian gold mining group met analysts' profit forecasts of 82 cents, according to data compiled by LSEG. It reported a profit of $1.22 billion, or 73 cents per share, for the quarter ended June 30, compared to $811 million...

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Extracted from this sentence

Under the terms of the agreement announced Monday, Barrick will transfer its Fourmile project to the Nevada Gold Mines joint venture, while Newmont will transfer its Mike and Fiberline projects and pay Barrick $1.95 billion in cash within 30 days.

Extracted by Autobound

From the Signal API record
Event
Asset sale

What this signalsSelling part of the business often leads to a new focus and new budgets.

Location
Nevada, United States

Companies

  • Nevada Gold MinesAcquirernevadagoldmines.com

The full record

From the Signal API record

Details

Assets
Mike and Fiberline projects

Topics and mentions

Asset tags

  • production

Extraction

Confidence
90%
Detected
Aug 11, 2026
signal_type
news
signal_subtype
sells_assets_to

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/b5482498-9c6b-7957-30d4-08bc38e6675d returns this record as JSON. POST /v1/companies/enrich returns every signal for newmont.com.

{
  "signal_id": "b5482498-9c6b-7957-30d4-08bc38e6675d",
  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-08-11T16:04:55+00:00",
  "company": {
    "name": "Newmont",
    "domain": "newmont.com"
  },
  "data": {
    "url": "https://www.boursorama.com/bourse/actualites-amp/barrick-estime-que-l-accord-conclu-avec-newmont-ouvre-la-voie-a-une-introduction-en-bourse-en-amerique-du-nord-10-aout-abd52a4e68f5d063a29ce5f87048fde6",
    "title": "Barrick believes agreement with Newmont paves the way for North American IPO - Boursorama",
    "assets": "Mike and Fiberline projects",
    "excerpt": "((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Update to note that earnings estimates were updated in paragraph 4 of the previous version of the article, following data revision by LSEG; no changes were made to the body of the text) * Barrick and Newmont reach agreement to settle disputes concerning Nevada Gold Mines * Barrick expects its North American IPO to be finalized by end of 2026 * Barrick is looking for a new CEO to lead its activities outside North America\nBarrick Mining ABX.TO announced a rise in its second-quarter profit, supported by higher gold prices, and reached a $1.95 billion agreement with Newmont to settle disputes concerning Nevada Gold Mines. Newmont NEM.N has agreed to Barrick's plan to IPO its North American gold assets, the two companies said, paving the way for an IPO that Barrick expects to complete by the end of the year. Barrick is looking for a new CEO to lead its activities outside North America. CEO Mark Hill, who is expected to head the company's North American subsidiary, said he would prioritize an internal candidate.\nThe Canadian gold mining group met analysts' profit forecasts of 82 cents, according to data compiled by LSEG. It reported a profit of $1.22 billion, or 73 cents per share, for the quarter ended June 30, compared to $811 million...",
    "summary": "As part of a settlement with Barrick, Newmont will transfer its Mike and Fiberline projects to the Nevada Gold Mines joint venture.",
    "location": "Nevada, USA",
    "planning": true,
    "image_url": "https://www.boursorama.com/bundles/boursoramaui/images/news/trading-news-3.jpg",
    "confidence": 0.9,
    "assets_tags": [
      "production"
    ],
    "published_at": "2026-08-11T16:04:55Z",
    "location_data": [
      {
        "state": "Nevada",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Under the terms of the agreement announced Monday, Barrick will transfer its Fourmile project to the Nevada Gold Mines joint venture, while Newmont will transfer its Mike and Fiberline projects and pay Barrick $1.95 billion in cash within 30 days.",
    "related_company_name": "Nevada Gold Mines",
    "related_company_domain": "nevadagoldmines.com"
  }
}

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