Exhibit 99.1
FIRST AMENDMENT TO IMPLEMENTATION AGREEMENT
THIS FIRST AMENDMENT (this “Amendment”) made the 30th day of June, 2019,
B E T W E E N:
BARRICK GOLD CORPORATION,
a corporation existing under the laws of
the Province of British Columbia,
(hereinafter referred to as “Barrick”),
– and –
NEWMONT GOLDCORP CORPORATION,
a corporation existing under the laws of
the State of Delaware, formerly known as
Newmont Mining Corporation,
(hereinafter referred to as “Newmont”),
to that certain Implementation Agreement (the “Agreement”), dated as of March 10, 2019, by and between Barrick and Newmont. Barrick and Newmont sometimes are referred to in this Amendment collectively as the “Parties” and each individually as a “Party.” Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.
WHEREAS the Agreement provides for the contribution by Barrick and Newmont of the Barrick Contributed Assets and the Newmont Contributed Assets, respectively, to the JV Company on the terms and conditions set forth therein;
AND WHEREAS the Parties desire to amend the Agreement to confirm agreements they have reached in relation to the Agreement.
NOW THEREFORE THIS AMENDMENT WITNESSES THAT in consideration of the respective covenants and agreements of the Parties hereinafter contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each Party), the Parties agree as follows:
ARTICLE 1
AMENDMENTS
A. | Amendment to Section 1.1 – Definitions |
Each of the defined terms in the lettered paragraphs (h), (k), (p), (r), (fff), (iii), (ooo), (qqq), (zzz) and (nnnn) under Section 1.1 of the Agreement is hereby deleted in its entirety and replaced with the following defined term set forth in the corresponding lettered paragraph:
| (h) | “Barrick Assumed Liabilities” means all Liabilities of the Barrick Parties relating to or associated with the Barrick Contributed Assets, including Environmental Liabilities but excluding third party debt (other than short term ordinary course |