The Globe and Mail reports in its Tuesday edition that investors are giving a cold reception to Barrick Mining's new agreement with Newmont to bring Fourmile and other projects into their Nevada Gold Mines joint venture. The Globe's Niall McGee writes that under the pact announced on Monday, Newmont will pay Barrick $1.95-billion (U.S.) in cash within 30 days. The NGM joint venture includes giant Nevada mines such as Carlin, Cortez and Turquoise Ridge, with Toronto-based Barrick and Denver-based Newmont holding 61.5-per-cent and 38.5-per-cent stakes, respectively. The revamped JV will maintain the ownership structure but bring in new properties such as Newmont's Fiberline and Mike developments, as well as Barrick's promising Fourmile project. Some analysts were surprised that Barrick did not receive a substantially higher payout from Newmont, given that the Canadian miner has characterized Fourmile as "one of the century's greatest gold discoveries." John Ing, president of Maison Placements Canada, said: "Newmont got a pretty good deal here. They didn't have to write as big a cheque as some had speculated." Barrick shares closed down 6.45 per cent to $57.03 each on Monday, while Newmont shares rose by 3.8 per cent.