Newmont Corporation filed a Form 8-K on August 13, 2026, disclosing that on August 10, 2026, it entered into a Second Amended and Restated Limited Liability Company Agreement for Nevada Gold Mines LLC with Barrick Mining Corporation, governing the contribution of three mining projects and a $1.95 billion cash payment.

Key Highlights

  • Cash payment: Newmont Member will pay Barrick Member $1.95 billion in cash within 30 days following the contribution of the Fourmile project.
  • Projects contributed: Barrick's Fourmile project and Newmont's Fiberline and Mike projects will all be contributed to Nevada Gold Mines LLC simultaneously.
  • Deemed capital contributions: Newmont Member will be deemed to have contributed $1.95 billion and Barrick Member approximately $3.11 billion to Nevada JV upon completion.
  • Liabilities assumed: Upon completion of the project contributions, Nevada Gold Mines LLC will assume all liabilities associated with the contributed projects.
  • Disputes resolved: Concurrently, Newmont, Barrick, and certain affiliates entered into a confidential settlement agreement resolving all outstanding disputes related to Nevada JV between the parties.
  • Governance changes: The Second LLC Agreement also amends certain governance approval rights relating to Nevada JV's senior leadership and modifies procedures for valuing future property contributions.

Newmont and Barrick Restructure Nevada Gold Mines LLC with New Projects and Settlement

According to the filing, Newmont Corporation (NYSE:NEM), through its wholly owned subsidiary Newmont USA Limited, and Barrick Mining Corporation, through Barrick Nevada Holding LLC, executed the Second Amended and Restated Limited Liability Company Agreement of Nevada Gold Mines LLC on August 10, 2026. The agreement amends and restates the prior Amended and Restated Limited Liability Company Agreement that was filed as Exhibit 10.1 to Newmont's Form 8-K on July 5, 2019.

The filing discloses that Barrick's Fourmile project and Newmont's Fiberline and Mike projects are to be contributed to Nevada Gold Mines LLC "simultaneously as soon as reasonably practicable." Within 30 days of the Fourmile contribution, Newmont Member is obligated to pay Barrick Member $1.95 billion in cash. Effective as of the date of the project contributions, Newmont Member will be deemed to have made a capital contribution of $1.95 billion and Barrick Member a capital contribution of approximately $3.11 billion to Nevada JV. The joint venture will also assume all liabilities tied to the contributed projects upon completion, according to the filing.

The Second LLC Agreement additionally modifies procedures for valuing future contributions of development and exploration properties and for calculating dilution of a non-contributing member's proportionate interest should that member decline to pay its share of an applicable contribution value. The filing also notes that Newmont and Barrick issued a joint press release on August 10, 2026, announcing these matters, and that the parties concurrently entered into a confidential settlement agreement resolving "all outstanding disputes related to Nevada JV between the parties." The filing cautions that statements regarding the expected contributions and consideration are forward-looking and subject to risks, including completion timing, required approvals, and changes in property values.

What Was Disclosed

Newmont disclosed an amended joint venture agreement with Barrick for Nevada Gold Mines LLC, covering three project contributions, a $1.95 billion cash payment obligation, updated capital contribution values, revised governance and dilution procedures, and a confidential settlement of all outstanding Nevada JV disputes.