Barrick Mining Corporation (B) is suddenly having a rough time on Wall Street, even as gold prices continue to soar. Shares slipped 6.41% on Aug. 10 after the gold-mining company reported its fiscal 2026 second-quarter results, with investors focusing on an earnings miss, rising operating costs, lower ore grades and higher royalties that overshadowed the benefit of soaring gold prices. Adding to the pressure is Barrick’s newly announced $1.95 billion deal with Newmont Mining Corporation (NEM).
The agreement resolves their long-running dispute over the Nevada Gold Mines (NGM) joint venture and clears the way for Barrick to move ahead with its planned IPO of its North American gold assets. NGM was created in 2019 when Barrick and Newmont combined their major Nevada operations into a single joint venture. Barrick owns 61.5% of NGM and operates the business, while Newmont holds the remaining 38.5%. At first glance, the new deal could be a positive for Barrick, but investors aren't completely sold yet.
