Barrick and Newmont form Nevada Gold Mines joint venture

Barrick Gold Corp. and Newmont Goldcorp Corp. formed a joint venture, Nevada Gold Mines, combining their Nevada operations. Barrick owns 61.5% and Newmont 38.5%, expecting approximately $480 million in annual synergies.

“By sharing assets and access to each other’s facilities, Nevada Gold Mines expects to save close to a half-billion a year.”nevadaappeal.com

• 1 source
• nevadaappeal.comWhat does the mega merger of Newmont, Barrick mean for Nevada mining? | Carson City’s Trusted News Source Since 1865Sep 10, 2019

Summarized from public sources; check the original articles before acting on it.