Newmont Taking 'Appropriate' Steps to Address Issues With Barrick Mining Over Nevada Gold Mines Performance Degradation

MT Newswires Live

02/10

Newmont (ASX:NEM) said it was taking "appropriate" steps to address certain issues with Barrick Mining, seeking to reverse the degradation in performance over the past six years of Nevada Gold Mines, according to a Tuesday Australian bourse filing.

The company noted investor questions and media reports regarding Barrick's preparations for an initial public offering (IPO) of its North American gold assets, including Nevada Gold Mines, Pueblo Viejo, and Fourmile, and operational performance.

The company said that any transaction implicating its joint ventures must respect the protections in the joint venture agreements, including, but not limited to, the transfer restriction requirements.

Newmont's shares rose nearly 2% in recent trading on Tuesday.

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