- Write by:
-
Wednesday, July 3, 2019 - 11:21:46 AM
-
1183 Visit
-
Print
Mining News Pro - Barrick Gold Corp. of Toronto and Newmont Goldcorp Corp. of Denver launched their new partnership on July 1, 2019, in this state. The joint venture (61.5% Barrick and 38.5% Newmont) will operate as Nevada Gold Mines LLC.
According to Mining News Pro - The assets of the JV include 10 underground and 12 open pit mines, two autoclave facilities, two roasting plants, four oxide mills, a flotation plant, and five heap leach operations. Barrick calls the undertaking the largest global gold producing complex “by a wide margin.” In 2018 the Nevada assets produced a total of 4.1 million oz. of gold, about double the output of Muruntau in Uzbekistan, the next largest gold producer.
Nevada Gold Mines is targeting production of between 1.8 million and 1.9 million oz. at a preliminary estimated cost of sales of $940 (all U.S. dollars) to $970 per oz. and an all-in sustaining cost of $920 to $950 per oz. for the second half of 2019. It expects to reap synergies of up to $500 million per year over the first five years from 2020.
Short Link:
https://www.miningnews.ir/En/News/393201
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
No comments have been posted yet ...