🟢 Newmont Goldcorp is trading 4.19% up today after $1.95 billion cash payment to Barrick

Newmont Goldcorp is trading 4.19% up at $117.72 after announcing a $1.95 billion cash payment to Barrick for expanded Nevada Gold Mines assets.

• The agreement resolves all outstanding joint-venture disputes and gives consent to Barrick’s proposed North American gold-assets IPO.
• Barrick’s Fourmile and Newmont’s Fiberline and Mike developments will enter the expanded venture.
• Monday’s advance follows gains of 7.16% on August 7 and 6.71% on August 5; broader markets were mixed, making the Nevada agreement the clearest catalyst.