Newmont Demands Barrick Improve North American Gold Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Source: seekingalpha
- Declining Asset Value: Newmont (NEM) highlighted that the operational and management performance of Nevada Gold Mines has deteriorated over the past six years, necessitating improvements from Barrick (B) to restore asset value.
- IPO Plans at Risk: Newmont stated that any transaction involving its joint ventures must adhere to protective clauses in their agreements, including transfer restrictions, which could impede Barrick's plans to sell North American gold assets through an IPO by year-end.
- Complex Joint Venture Structure: In the Nevada joint venture, Barrick holds a 61.5% stake while Newmont owns 38.5%, granting Newmont a blocking right in the asset spinoff to safeguard its interests.
- Uncertain Future Outlook: Although Barrick plans to retain significant control over North American gold assets, the specifics of the spinoff remain undecided, potentially affecting investor expectations regarding future earnings.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.790
Low
89.00
Averages
110.85
High
125.00
Current: 113.790
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
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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