Sep 20 2019
The new Nevada Gold Mines complex is hosting a group of analysts for their first site visit since the formation of the Barrick / Newmont Goldcorp joint venture at the beginning of July.
The complex represents the single largest gold producing operation in the world and includes three Tier 1 mines. In an announcement earlier this week, Barrick reported a new discovery hole4 about 2 kilometers from the best ever drilling intercept at its Fourmile project in Nevada and said this pointed to the potential for at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. Fourmile was not included in the recent combination of Nevada assets but the company has the right to bring it into the joint venture for fair market value provided certain agreed investment criteria are met.
Barrick president and chief executive Mark Bristow and Nevada Gold Mines executive managing director, Greg Walker, welcomed the analysts to the operations. The benefits of combining the assets and infrastructure in Northern Nevada will be showcased in a presentation by the Nevada team to the visitors today. A copy of the presentation is available on the Barrick website at www.barrick.com.
The three day tour includes visits to the third shaft and autoclave facility of the now combined Turquoise Ridge and Twin Creeks, the Cortez Hills underground mine including Deep South and processing facilities at Carlin.
Source: https://www.barrick.com/