Nevada Gold Mines

nevada gold mines is a joint venture between barrick gold corporation (61.5%) and newmont goldcorp corporation (38.5%), combining their significant assets across nevada to create the single largest gold-producing complex in the world and realize the full potential of these mines through synergies and best-in-class operational improvements. this massive mining operation comprises 8 mines along with their associated infrastructure and processing facilities that produced an estimated 4 million ounces of gold in 2018. three of these assets are tier one gold mines: barrick’s cortez; the combination of barrick’s goldstrike and newmont goldcorp’s carlin; and the combination of barrick’s turquoise ridge and newmont goldcorp’s twin creeks. in addition, barrick’s goldrush-fourmile project has the potential to become the fourth tier one asset in this portfolio. the new jv is expected to generate around $5 billion in cost savings over the next five years. nevada gold mines is operated by barrick.