Recent Updates — NEM
On August 10, 2026, Newmont Corporation and Barrick Mining Corporation entered into a Second Amended and Restated Limited Liability Company Agreement for their Nevada Gold Mines joint venture. The agreement resolves all outstanding disputes between the parties and mandates the contribution of Barrick’s Fourmile project and Newmont’s Fiberline and Mike projects to the joint venture. In connection with these contributions, Newmont will pay Barrick $1.95 billion in cash within 30 days following the Fourmile project's transfer. Concurrently, Newmont and Barrick consented to Barrick’s proposed initial public offering of its North American gold assets. The filing also updates governance approval rights for senior leadership and valuation procedures for future property contributions. Newmont is a global mining company primarily engaged in the exploration, production, and development of gold and copper.
Newmont Corporation reported second quarter 2026 results, producing 1.3 million attributable gold ounces and generating record free cash flow of $2.2 billion. The company declared a quarterly dividend of $0.26 per share, payable September 28, 2026, to holders of record as of September 3, 2026. Newmont also repurchased $1.7 billion of common stock since its last earnings call and received regulatory approvals for the Red Chris Block Cave project. The company remains on track to achieve its full-year 2026 production guidance of 5.3 million attributable gold ounces. Newmont is a gold mining company that operates gold and copper mines globally.