Denver-based Newmont’s power over Barrick’s strategy is a significant change from a few years ago when the Canadian miner had hoped to buy Newmont’s minority stake in the Nevada mines. In an email response, Barrick said it respects the joint venture with Newmont and abides by all the terms. Newmont spokesperson said the company’s Nevada Gold Mines joint venture agreement has not changed from what is publicly available. Newmont’s say over the sale of the Nevada mines despite having only a minority stake in them is unusual, according to three executives aware of the restructuring efforts. On Friday shares of Barrick were trading up by 1.90% at the Toronto Stock Exchange and Newmont shares were trading up 1.52% at New York Stock Exchange.

Source: The North Africa Journal January 25, 2026 12:30 UTC