Newmont Issues Default Notice to Barrick Over Mismanagement Claims
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Should l Buy B?
Source: seekingalpha
Barrick Mining Corp's stock fell 5.03% as it crossed below the 5-day SMA amid broader market gains.
Newmont has issued a notice of default to Barrick after alleging resource diversion in their Nevada joint venture, which could strain their partnership and impact future collaboration. Despite a 17% year-over-year increase in gold production from Nevada Gold Mines, the mismanagement claims may hinder Barrick's growth prospects and investor confidence.
The implications of this notice could lead to increased scrutiny on Barrick's management practices and potential challenges in maintaining its operational efficiency, which may affect its market position.
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Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.480
Low
44.31
Averages
58.14
High
71.00
Current: 37.480
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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