NEWMONT Corp /DE/ (NEM) Form 8-K — Aug 13, 2026
Newmont and Barrick entered a Second Amended and Restated LLC Agreement for their Nevada Gold Mines joint venture on August 10, 2026, under which Barrick's Fourmile project and Newmont's Fiberline and Mike projects will be contributed into the JV as soon as reasonably practicable. Newmont will pay Barrick $1.95 billion in cash within 30 days following the Fourmile contribution, and upon completion Newmont is deemed to have made a $1.95 billion capital contribution to the JV versus approximately $3.11 billion credited to Barrick.
Key figures
- Deal Value Usd
- 1950000000
- Cash payment to barrick
- $1.95 billion, due within 30 days following the Fourmile project contribution
- Disposition rofo threshold
- $25 million
- Barrick deemed capital contribution
- approximately $3.11 billion
- Newmont deemed capital contribution
- $1.95 billion
- Annual management fee operating member
- $25 million
- Area of interest acquisition threshold
- 20% of net asset value
- Budget overrun board approval threshold
- 10%
- Excluded property access cost threshold
- $10 million
Price after filing
Close on the filing date to close N calendar days later (from $114.19). Historical, not a forecast.
AI analysis
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