# 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.

- Type: Partnership
- Announced: 2019-09-10
- Where: Nevada, United States
- Status: completed
- 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

- [nevadaappeal.com](https://www.nevadaappeal.com/news/2019/sep/10/what-does-the-mega-merger-of-newmont-barrick-mean-/), 2019-09-10: "By sharing assets and access to each other’s facilities, Nevada Gold Mines expects to save close to a half-billion a year."

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