miningipo

Barrick’s North America Spin-Off Dependent on Newmont Approval

Barrick Gold’s plan to spin off its North American assets via an IPO — including its Nevada Gold Mines stake, Pueblo Viejo, and Fourmile — cannot proceed without Newmont’s consent, according to regulatory filings and joint-venture agreements.

Key Points

📌 Approval Required: Under the joint-venture agreement, Barrick must offer its Nevada Gold Mines interest to Newmont before any third-party sale and obtain Newmont’s consent to move forward with the spin-off.

💰 Capital Needs: Barrick also needs Newmont to fund development of the Fourmile project, which is expected to be a key future asset in the new company.

📈 Strategic Timing: The spin-off plan follows corporate restructuring after leadership changes and ongoing investor interest in gold amid record-high prices.

Expert Insight
Barrick’s ability to unlock value through a North America IPO now hinges on cooperation with its joint‐venture partner. Newmont’s approval isn’t just procedural — it’s strategic, given its minority stake and veto rights.

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🚨 Barrick’s North America Spin-Off Hits a Strategic Roadblock ⛏️💥

Barrick Gold’s plan to spin off its North American assets via an IPO isn’t a green light yet — it depends entirely on Newmont’s approval. Regulatory filings and JV agreements make it clear: this isn’t optional.

What’s really going on 👇
📌 Newmont Holds the Keys
Under the Nevada Gold Mines JV, Barrick must first offer its stake to Newmont before any third-party deal. On top of that, Newmont has veto rights over the spin-off structure.

💰 Funding the Future
The Fourmile project — a major growth asset — also needs Newmont’s capital commitment. No funding, no clean IPO story.

📈 Why Now?
This move comes after internal restructuring and leadership changes, with gold at record highs and investor appetite for quality mining assets heating up.

Big Picture
This isn’t just a checkbox approval. Newmont’s decision will shape whether Barrick can unlock value or stays boxed in.
The minority partner suddenly has major leverage — and the market is watching closely.

#BarrickGold #Newmont #MiningIPO #GoldMarket #GoldStocks

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