- Write by:
-
Tuesday, April 23, 2019 - 1:01:05 PM
-
1449 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
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform ...
No comments have been posted yet ...