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Barrick Mining misses second-quarter profit estimates, settles Nevada dispute with Newmont
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Barrick Mining misses second-quarter profit estimates, settles Nevada dispute with Newmont
Aug 10, 2026 3:46 AM

Aug 10 (Reuters) - Barrick Mining ( B ) missed

second-quarter profit estimates on Monday due to rising

production costs and retrospective tax penalties in Mali,

despite beating gold output targets.

The company said it had reached an agreement with Newmont ( NEM )

under which Barrick's Fourmile and Newmont's ( NEM ) Fiberline

and Mike projects will contribute to the Nevada Gold Mines joint

venture, resolving all outstanding disputes between the

partners.

The deal includes revised governance provisions and a $1.95

billion payment from Newmont ( NEM ) to Barrick.

The Canadian gold miner reported adjusted profit of 82 cents

per share for the three months ended June 30, compared with

analysts' average estimate of 88 cents per share, according to

data compiled by LSEG.

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