Newmont Wants Barrick to Improve Output in Nevada Before IPO

Newmont Corp. wants Barrick Mining Corp. to address what it says is underperformance at their joint venture mining operations in Nevada before its partner proceeds with an initial public offering of its North American assets.

The world’s top gold miner has been critical of Barrick’s management in Nevada after years of production declines and rising costs, according to people familiar with the matter. Newmont — which has shown interest in acquiring the Canadian producer’s Nevada assets in the past — believes the IPO needs its approval, said the people, who asked not to be named as the matter is private.