- Write by:
-
Wednesday, July 3, 2019 - 11:21:46 AM
-
1164 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
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 ...