šØ Barrickās North America Spin-Off Hits a Strategic Roadblock āļøš„
Barrick Goldās plan to spin off its North American assets via an IPO isnāt a green light yet ā it depends entirely on Newmontās approval. Regulatory filings and JV agreements make it clear: this isnāt optional.
Whatās really going on š
š Newmont Holds the Keys
Under the Nevada Gold Mines JV, Barrick must first offer its stake to Newmont before any third-party deal. On top of that, Newmont has veto rights over the spin-off structure.
š° Funding the Future
The Fourmile project ā a major growth asset ā also needs Newmontās capital commitment. No funding, no clean IPO story.
š Why Now?
This move comes after internal restructuring and leadership changes, with gold at record highs and investor appetite for quality mining assets heating up.
Big Picture
This isnāt just a checkbox approval. Newmontās decision will shape whether Barrick can unlock value or stays boxed in.
The minority partner suddenly has major leverage ā and the market is watching closely.
#BarrickGold #Newmont #MiningIPO #GoldMarket #GoldStocks
