# Barrick Gold and Newmont Mining form Nevada joint venture

Barrick Gold and Newmont Mining announced an implementation agreement to create a joint venture combining their mining operations, assets, and reserves in Nevada. The JV is expected to capture $500 million in average annual pre-tax synergies.

- Type: Partnership
- Announced: 2020-05-17
- 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 Mining](https://endata.com/companies/23816.md) (partner)

## Sources

- [miningdigital.com](https://miningdigital.com/automation-and-ai/barrick-and-newmont-agree-nevada-jv-ending-merger-speculation), 2020-05-17: "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."

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