Newmont stock price slides after Barrick default notice — what to watch when markets reopen
Newmont shares closed down 2.6% at $122.13 after disclosing it sent Barrick a notice of default tied to their Nevada Gold Mines joint venture. The filing alleges mismanagement and resource diversion benefiting Barrick’s Fourmile property. Newmont holds a 38.5% stake in the venture. Investors weighed the dispute as Newmont forecast lower 2026 gold output and higher costs.