Barrick Gold Corporation (B.US) reported a 50% increase in net profit for the second quarter, reaching $1.95 billion. The settlement has cleared the IPO hurdles, and a rebound in gold prices opens the window for accelerated profits.

The Zhitong Finance APP has learned that Barrick Gold Corporation (B.US), a global leader in gold mining headquartered in Canada, announced in its earnings report released before the U.S. stock market opened on Monday that it has reached a significant agreement with another mining giant, Newmont Corp., regarding their large joint venture in Nevada, thereby paving the way for this Canadian company to accelerate its path toward an eventual IPO of its North American mining assets on the New York Stock Exchange.