NYSE: NEM NEWMONT Corp /DE/ 8-K

Newmont pays Barrick $1.95B to rebalance Nevada JV, adds projects and settles disputes

Filed August 13, 2026 · Period ending August 10, 2026 · ~1 min read

Key Changes

high

Newmont will pay Barrick $1.95 billion in cash within 30 days after project contributions to equalize the value of assets being added to the Nevada Gold Mines joint venture.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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Barrick's Fourmile project (valued at ~$3.11B) and Newmont's Fiberline and Mike projects will be contributed to the Nevada JV simultaneously, with the JV assuming all project liabilities.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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The companies resolved all outstanding Nevada JV disputes through a confidential settlement agreement, removing litigation uncertainty.

Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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Newmont consented to Barrick's proposed IPO of its North American gold assets following the settlement and property contribution agreement.

Exhibit 99.1 view on EDGAR →
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The amended JV agreement modifies procedures for valuing future project contributions, calculating dilution for non-participating members, and governance rights over senior leadership.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →

Summary

Newmont and Barrick have restructured their Nevada Gold Mines joint venture, resolving all outstanding disputes and bringing previously excluded development projects into the partnership. Newmont will pay Barrick $1.95 billion in cash to equalize the value of contributed assets—Barrick's Fourmile project is being valued at approximately $3.11 billion versus Newmont's Fiberline and Mike projects combined.

The settlement removes litigation risk and operational friction that had clouded the JV's future. For Newmont shareholders, the $1.95 billion payment is material but brings clarity to a key asset. The Nevada JV represents a significant portion of Newmont's production base, and the dispute resolution should improve operational efficiency and strategic alignment with Barrick.

The amended agreement also updates governance and future contribution mechanics, which could affect how capital is deployed in the JV going forward. Newmont's consent to Barrick's North American IPO suggests both companies are now aligned on their respective strategic paths, with the Nevada partnership on more stable footing.

Section-by-Section Diff

Event · Item 1.01 — Entry into a Material Definitive Agreement

~400 words

Newmont restructures Nevada JV with Barrick, contributing projects and paying $1.95B to rebalance ownership stakes.

4 Added

Added Nevada JV restructuring and $1.95B payment high

Added in current filing · verify on EDGAR →

Pursuant to the Second LLC Agreement, Barrick’s Fourmile project and Newmont’s Fiberline and Mike projects (collectively, the “Projects”) will be contributed to Nevada JV simultaneously as soon as reasonably practicable. Within 30 days following the contribution of the Fourmile project, Newmont Member will pay Barrick Member $1.95 billion in cash.

Newmont and Barrick are contributing development projects to their Nevada joint venture. Newmont will pay Barrick $1.95 billion in cash within 30 days after Barrick's Fourmile project is contributed, while Newmont contributes its Fiberline and Mike projects. This cash payment appears to equalize the value of the respective project contributions.

Added Deemed capital contributions high

Added in current filing · verify on EDGAR →

In addition, effective as of the date of the contribution of the Projects, (i) Newmont Member will be deemed to have made a capital contribution in the amount of $1.95 billion to Nevada JV, and (ii) Barrick Member will be deemed to have made a capital contribution in the amount of approximately $3.11 billion to Nevada JV.

For accounting and ownership purposes, Newmont's contribution (projects plus cash) will be valued at $1.95 billion, while Barrick's Fourmile project contribution will be valued at approximately $3.11 billion. This suggests Barrick's Fourmile project is valued significantly higher than Newmont's two projects combined, which is why Newmont is making the cash payment to Barrick.

Added Liability assumption medium

Added in current filing · verify on EDGAR →

Upon completion of the contribution of the Projects, Nevada JV will assume all liabilities associated with the Projects.

The Nevada joint venture will take on all liabilities related to the three projects being contributed. This transfers project-related obligations from the parent companies to the JV entity.

Added Modified dilution and governance provisions medium

Added in current filing · verify on EDGAR →

The Second LLC Agreement also modifies the procedures for valuing future contributions of development and exploration properties and calculating dilution of the non-contributing Member’s proportionate interest if the non-contributing Member does not elect to pay its proportionate share of the applicable contribution value. In addition, the Second LLC Agreement amends certain governance approval rights relating to Nevada JV’s senior leadership.

The amended agreement changes how future project contributions will be valued and how ownership stakes will be diluted if one partner declines to fund its share. It also modifies governance rights over the JV's senior management, though specific details are not disclosed in this filing.

Event · Item 7.01 — Regulation FD Disclosure

~1,000 words

Newmont and Barrick settled all Nevada JV disputes and entered into an amended joint venture agreement.

2 Added

Added Nevada JV settlement and amended agreement high

Added in current filing · verify on EDGAR →

Concurrently with entering into the Second LLC Agreement, Newmont, Barrick and certain of their affiliates entered into a confidential settlement agreement (the “Settlement Agreement”) resolving all outstanding disputes related to Nevada JV between the parties to the Settlement Agreement.

Newmont and Barrick resolved all outstanding disputes related to their Nevada Gold Mines joint venture through a confidential settlement agreement. This settlement was entered into concurrently with a second amended LLC agreement governing the joint venture. The resolution of disputes removes uncertainty and potential litigation costs that could have affected the joint venture's operations and value.

Added Joint press release announcement medium

Added in current filing · verify on EDGAR →

On August 10, 2026, Newmont and Barrick issued a joint press release announcing the matters described in this Current Report on Form 8-K.

The companies issued a joint press release on August 10, 2026 to publicly announce the settlement and amended agreement. The joint nature of the announcement signals alignment between the two partners on the Nevada JV going forward.

Event · Exhibit 99.1

~1,100 words View exhibit on EDGAR ↗

Newmont and Barrick amend Nevada Gold Mines JV, contributing excluded properties for $1.95B; Newmont consents to Barrick's North American IPO.

3 Added

Added Nevada Gold Mines JV amendment and property contribution high

Added in current filing · view on EDGAR →

Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (“Newmont”) and Barrick Mining Corporation (TSX: ABX, NYSE: B) (“Barrick”) have reached an agreement under which excluded properties, including Barrick’s Fourmile and Newmont’s Fiberline and Mike developments, will be contributed into the Nevada Gold Mines (NGM) joint venture. The agreement concludes all outstanding disputes between the parties related to the NGM joint venture.

Newmont and Barrick have amended their Nevada Gold Mines joint venture agreement to include previously excluded properties: Barrick's Fourmile project and Newmont's Fiberline and Mike developments. This amendment also resolves all outstanding disputes between the two companies regarding the joint venture, streamlining operations and governance.

Added Consideration payment for property contribution high

Added in current filing · view on EDGAR →

The agreement includes enhanced governance provisions under a modernized joint venture agreement and provides for consideration of $1.95 billion from Newmont to Barrick to reflect the contribution of excluded properties into the joint venture.

Newmont will pay Barrick $1.95 billion as consideration for the contribution of the excluded properties into the joint venture. The amended agreement also includes enhanced governance provisions under a modernized framework, which should improve decision-making and operational oversight within the joint venture.

Added Newmont consent to Barrick's North American IPO high

Added in current filing · view on EDGAR →

With the resolution of all outstanding disputes and contribution of excluded properties, Newmont has provided its consent to Barrick’s proposed IPO of its North American gold assets.

Following the resolution of disputes and the property contribution agreement, Newmont has consented to Barrick's proposed initial public offering of its North American gold assets. This consent was contingent on resolving the joint venture issues and positions both companies to pursue their strategic objectives.