01—Abstract
Summary
Summary of the 8-K filed August 13, 2026. Cited figures are marked; the original filing is the authoritative source.
On August 10, 2026, Newmont and Barrick entered into a Second Amended and Restated LLC Agreement for the Nevada Gold Mines (NGM) joint venture, filed under Item 1.01 and disclosed in this 8-K dated August 13, 2026.
Under the agreement, Barrick's Fourmile project and Newmont's Fiberline and Mike projects (the "Projects") will be contributed to NGM. Newmont will pay Barrick $1.95 billiona in cash within 30 days after the Fourmile contribution, and NGM will assume all liabilities associated with the Projects. The filing also reflects capital contribution accounting of $1.95 billion for Newmont and approximately $3.11 billion for Barrick.
Concurrently, the parties signed a confidential Settlement Agreement resolving all outstanding disputes related to NGM. The agreement also modifies the valuation of future development and exploration contributions, the dilution mechanics for a non-contributing member, and certain governance approval rights over NGM senior leadership. Newmont has consented to Barrick's proposed North American IPO of its gold assets, which the press release states follows from the dispute resolution and property contributions.
For investors, the key takeaways are the removal of a long-running source of joint venture friction, a defined $1.95 billionb cash outlay by Newmont, and clearer governance and capital-call mechanics for NGM. The filing does not disclose the timing of closing, the financial impact on Newmont's earnings, or the terms of the confidential settlement, so these remain open questions for investors.
02—Key points
Key Highlights
- Newmont will pay Barrick $1.95 billion in cash within 30 days after the Fourmile project is contributed to Nevada Gold Mines LLC.
- Fourmile (Barrick) and Fiberline and Mike (Newmont) are to be contributed to NGM, with NGM assuming all associated liabilities.
- Deemed capital contributions: Newmont about $1.95 billion and Barrick about $3.11 billion, effective on the date the Projects are contributed.
- A confidential Settlement Agreement resolves all outstanding disputes between the parties related to NGM.
- The Second LLC Agreement changes how future development and exploration contributions are valued and how non-contributing member dilution is calculated.
- Governance approval rights over NGM senior leadership are amended.
- Newmont has consented to Barrick's proposed North American IPO of its gold assets.
03—Questions
Frequently Asked Questions
How much is Newmont paying, and when?
Newmont will pay Barrick $1.95 billion in cash within 30 days after the Fourmile project is contributed to Nevada Gold Mines LLC. The filing says the Projects will be contributed as soon as reasonably practicable, but it does not give a specific closing date.
What assets are being contributed to the joint venture?
Barrick is contributing its Fourmile project, and Newmont is contributing its Fiberline and Mike projects. These are described as excluded properties that are being brought into Nevada Gold Mines LLC.
Why does Newmont consent to Barrick's IPO matter?
The press release states that Newmont's consent to Barrick's proposed North American IPO follows from the resolution of all disputes and the contribution of the excluded properties. The filing does not give IPO timing, structure, or terms.
How does this affect the financial position of each company?
The filing records deemed capital contributions of about $1.95 billion for Newmont and about $3.11 billion for Barrick to NGM. It does not quantify the impact on either company's earnings, cash flow, or balance sheet beyond these amounts, so investors should review the company's subsequent reports for those figures.
What do the new governance and valuation terms change?
The Second LLC Agreement changes the procedures for valuing future development and exploration property contributions and the dilution of a non-contributing member's interest. It also amends governance approval rights over NGM's senior leadership. The specific terms are in Exhibit 10.1, which the filing does not summarize in detail.
04—Continue