Barrick Stock Slides as Newmont Deal Sets Up Gold Asset IPO
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Barrick's stock slid Monday after the mining giant announced it reached an agreement with Newmont to combine some of their mines.
- The settlement helps support a planned IPO of Barrick's North American gold assets targeted by the end of the year.
Why it matters: Barrick shareholders now have a concrete timeline — an IPO of its North American gold assets by year-end — contingent on combining select mines with Newmont. The stock slide signals investors are weighing the settlement's terms or the proposed spinoff structure against prior expectations.
Ask SkimNews
