Newmont And Barrick Expand Nevada Gold Mines joint venture

S&P Global Ratings revised Newmont Corp.'s outlook to positive, citing debt reduction, strong margins, and conservative capital allocation. The company's debt-to-EBITDA is expected to stay below 0.5x, supported by robust cash flow. Newmont divested noncore assets and reached a $1.95B deal with Barrick Mining.

Gold.com (NYSE: GOLD) reported Q4 2026 EPS of 41 cents, down 80% sequentially, and EBITDA dropped 73% from the prior quarter despite 99% year-over-year revenue growth. New direct-to-consumer customer growth fell 38% year-over-year and 77% sequentially, raising concerns about the company's growth narrative. Full-year fiscal 2026 results showed 179% EBITDA growth and a special dividend, but the sharp quarterly deceleration challenges the thesis that Gold.com outpaces gold price gains.

Mining companies like Barrick, Newmont, Agnico Eagle, and BHP are consolidating neighboring properties to simplify exploration and infrastructure. Spark Energy Minerals (CSE: SPRK) owns a 91,900-hectare land package in Brazil with two mineralized centers, Cruzeta and Boa Vista, showing gallium and rare earth mineralization. Drilling results indicate potential, but no resource estimate exists yet. Spark plans further exploration and metallurgical testing. The strategy of controlling contiguous la

Gold.com (NYSE:GOLD) reported Q4 2026 revenue of $5.0B, up 99% YoY, and full-year revenue of $25.5B, up 132% YoY. Net income rose 18% to $12.2M, while EPS remained flat at $0.41. Growth was driven by acquisitions and higher gold prices, but gross margin decreased to 2.2%. The company declared a special dividend of $1.00 per share. Management cited geopolitical uncertainty and higher interest rates as risks, but highlighted strategic partnerships and expansions.

Newmont Corporation (NEM) reported a 13% year-over-year decline in Q2 gold production to 1.29 million ounces, citing divestments and lower output from key mines. The company expects 2026 production to fall to 5.26 million ounces, with higher costs due to mine sequencing and taxes. Barrick Mining (B) and Agnico Eagle (AEM) reported mixed production results, with Barrick exceeding guidance and Agnico facing production cuts at Canadian Malartic.

Barrick Mining may postpone the IPO of its North American gold business to 2027, per Bloomberg. Previously, the company aimed for completion by 2026. The IPO faces opposition from some shareholders and has involved negotiations with Newmont. Barrick's shares rose 22% in August but are flat year-to-date, valuing the company at $72bn.