# Barrick and Newmont form Nevada Gold Mines joint venture

Barrick Gold Corporation and Newmont Goldcorp Corporation formed a joint venture, Nevada Gold Mines, combining operations in Nevada. Barrick owns 61.5% and Newmont 38.5%, expecting to save approximately $480 million per year.

- Type: Acquisition
- Announced: 2019-07-01
- Where: Nevada, United States
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Barrick Gold](https://endata.com/companies/12881.md) (partner)
- [Newmont Goldcorp](https://endata.com/companies/39394.md) (partner)
- [Nevada Gold Mines](https://endata.com/companies/41574.md) (partner)

## Sources

- [nnbw.com](https://www.nnbw.com/news/2019/aug/26/joining-forces-what-does-the-newmont-barrick-gold-/), 2019-08-26: "The joint venture between Barrick Gold Corporation and Newmont Goldcorp Corporation ushers in a new era in Nevada hard rock mining."

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