MarketPR
A settlement resolving a dispute between Barrick Gold and gold-mining company Newmont is in focus Monday after the two companies agreed to combine some of their mine assets, an arrangement Barrick says will help support an initial public offering of its North American gold assets before the end of the year.
Shares in Barrick fell on the session. The IPO stands as the next milestone investors will track as the mine combination takes shape.
The settlement and its link to the IPO Barrick announced Monday that the dispute with Newmont has been resolved through a mine-combination agreement.
Neither company disclosed the financial terms, and the announcement did not specify which mines are included in the combination. Barrick's rationale ties the deal directly to the IPO it is preparing.
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