Newmont Pressures Barrick On Nevada Mines As Valuation Gap Persists
Newmont is pressing Barrick to improve operations at their Nevada Gold Mines joint venture, citing weaker performance and value over the past six years. The company is publicly stressing the importance of existing transfer restrictions as Barrick considers selling minority stakes in the Nevada assets. These comments bring tensions between the partners into the open and put added focus on one of the largest gold mining hubs in North America. For investors following Newmont (NYSE:NEM), this...
Newmont is pressing Barrick to improve operations at their Nevada Gold Mines joint venture, citing weaker performance and value over the past six years. The company is publicly stressing the importance of existing transfer restrictions as Barrick considers selling minority stakes in the Nevada assets. These comments bring tensions between the partners into the open and put added focus on one of the largest gold mining hubs in North America. For investors following Newmont (NYSE:NEM), this...