# Barrick and Newmont form Nevada joint venture

Barrick Gold and Newmont Mining have signed an implementation agreement to create a joint venture combining their mining operations in Nevada, with Barrick as operator and ownership split 61.5% Barrick and 38.5% Newmont.

- Type: Partnership
- Announced: 2019-03-11
- Where: Nevada, United States
- Value: $5.00B
- Status: announced
- Capacity: 4 million ounces of gold per year
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Barrick Gold](https://endata.com/companies/12881.md)
- [Barrick Gold](https://endata.com/companies/12881.md) (partner)
- [Newmont Mining](https://endata.com/companies/23816.md) (partner)

## Sources

- [barrick.com](https://www.barrick.com/English/news/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx), 2019-03-11: "We are finally taking down the fences to operate Nevada as a single entity in order to deliver full value to both sets of shareholders."
- [newmont.com](https://www.newmont.com/investors/news-release/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx), 2019-03-11: "We are finally taking down the fences to operate Nevada as a single entity in order to deliver full value to both sets of shareholders."
- [mining.com](https://www.mining.com/barrick-gives-plans-acquire-newmont-will-form-nevada-jv-instead/newmont-carlin-mine-nevada-3/), 2019-03-11: "Barrick gives up plans to acquire Newmont, will form Nevada JV instead"
- [telegraph.co.uk](https://www.telegraph.co.uk/business/2019/03/11/barrick-drops-18bn-bid-newmont-favour-nevada-joint-venture/), 2019-03-11: "We listened to our shareholders and agreed with them that this was the best way to realise the enormous potential of the Nevada goldfields’ unequalled mineral endowment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.