Newmont CEO Explains Barrick Gold Joint Venture Proposal

The transcript discusses the rejection of a merger proposal between two companies due to risks associated with sovereign assets and ESG performance. It explores the potential for a joint venture, with proposed splits in Nevada operations, and considers spinning off Nevada assets. The importance of communication and negotiation is highlighted, with feedback from shareholders indicating a preference for collaboration. The discussion emphasizes the need for face-to-face meetings to resolve differences and work towards a mutually beneficial outcome.

What are some of the risks mentioned in the initial rejection of the merger proposal?

• Sovereign risk and ESG performance

• Market competition and pricing

• Technological advancements

• Employee dissatisfaction

What was the proposed split for the operations in Nevada?

• 70-30

• 45-55

• 60-40

• 50-50

What is one potential outcome discussed for the Nevada assets?

• Closing them down

• Spinning them off into a new company

• Merging them with another company

• Selling them to a third party

What was the nature of the interaction between the two companies' CEOs?

• They ignored each other

• They had a friendly meeting

• They exchanged harsh words

• They signed an agreement

What do shareholders want the companies to do?

• Increase dividends

• Sell off assets

• Form a joint venture

• Compete aggressively