Barrick CEO announces name for joint venture mines in Nevada
The mine that are part of the joint venture in Nevada that was created between Newmont Goldcorp and Barrick Gold Corp. will operate under the name of Nevada Gold Mines.
The Elko Daily Free Press reported that the new name was revealed by Barrick chief executive officer Mark Bristow in the company’s earning report.
Barrick will operate Nevada mines under the joint venture agreement that is near finalization.
Bristow said Barrick is “well advanced in establishing our new joint venture with Newmont, which has been named Nevada Gold Mines.
“The organizational structures are being finalized, and we’re working together with Newmont to realize the synergies and cost reduction opportunities offered by the joint venture, which is scheduled for completion by the end of the second quarter.”