Newmont stock price slides after Barrick default notice — what to watch when markets reopen

NodeGuardian · 2026-02-23T12:18:35+00:00

Newmont shares dropped 2.6% after announcing a default notice to Barrick over management issues in their joint venture. Investors are concerned about production outlook, rising costs, and future investments amid high gold prices.

NodeGuardian

2026-02-23 12:18:35

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Newmont shares fell by 2.6% after the company issued a notice of default to Barrick over their Nevada Gold Mines joint venture, citing mismanagement allegations. Investors are now scrutinizing the Nevada dispute, Newmont’s 2026 production outlook, and rising costs impacting gold miners amidst high bullion prices. The situation intensifies as Newmont plans significant investments following the Newcrest acquisition, while facing lower projected gold output and increased all-in sustaining costs for 2026.

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