- Write by:
-
Tuesday, April 23, 2019 - 1:01:05 PM
-
1485 Visit
-
Print
Mining News Pro - The Nevada joint venture of Toronto’s Barrick Gold Corp. and Newmont Goldcorp Corp. of Denver has cleared all the regulatory conditions required for completion of the arrangement. Their joint operations will create the world’s largest gold producing complex.
According to Mining News Pro - The new business (yet to be named) will be operated by and owned 61.5% Barrick and 38.5% by Newmont Goldcorp. The mines and processing plants covered by the JV produced more than 4.0 million oz. of gold in 2018. Barrick noted that was more than three times the next largest gold mine. The integration of the various producers is expected to be complete by June 30, 2019.
Gary Goldberg, Newmont Goldcorp’s CEO, said, “By combining our operations and assets in Nevada we will be able to extend profitable production, lower costs and create new opportunities for our stakeholders in the region.”
Added Barrick president and CEO Mark Bristow, “The joint venture agreement represents a historic accord between our companies that will unlock the enormous geological potential of the Nevada goldfields and maximize its many value creating opportunities.”
Short Link:
https://www.miningnews.ir/En/News/362347
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
No comments have been posted yet ...