Nevada Gold Mines is a joint venture between Barrick Gold Corporation (61.5%) and Newmont Goldcorp Corporation (38.5%), combining their significant assets across Nevada to create the single largest gold-producing complex in the world and realize the full potential of these mines through synergies and best-in-class operational improvements.
The massive mining operation comprises 8 mines along with their associated infrastructure and processing facilities that produced an estimated 4 million ounces of gold in 2018. Three of these assets are Tier One gold mines: Barrick’s Cortez; the combination of Barrick’s Goldstrike and Newmont Goldcorp’s Carlin; and the combination of Barrick’s Turquoise Ridge and Newmont Goldcorp’s Twin Creeks. In addition, Barrick’s Goldrush-Fourmile project has the potential to become the fourth Tier One asset in this portfolio. The new JV is expected to generate around $5 billion in cost savings over the next five years. Nevada Gold Mines is operated by Barrick.