NYSE:NEMMetals and Mining
Newmont Pressures Barrick Nevada IPO As Valuation Gap Draws Investor Focus
Newmont is pressing Barrick Mining to improve performance at their shared Nevada joint venture.
The company is signaling it may use its rights within the partnership to delay or block Barrick’s planned IPO of the Nevada assets.
The dispute centers on how the joint venture is managed and valued, with implications for both partners’ future plans.
For investors watching Newmont (NYSE:NEM), this standoff highlights how much influence the company holds over key shared assets. Newmont shares last...