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Personal blog/advisory site by a Certified Professional Geologist with 20+ years’ experience across uranium, gold, copper, lithium and critical minerals.
Newmont Corporation filed a formal notice of default against Barrick Gold over the Nevada Gold Mines joint venture, citing alleged mismanagement and resource diversion. The JV, formed in 2019, gives Barrick a 61.5% operating stake while Newmont holds 38.5% of the economic interest. Production and costs remain stable, but rising gold prices have heightened strategic tensions between the partners. The default notice triggers a remediation process that could reshape governance and capital allocation for Nevada’s premier gold assets.
