Barrick President and CEO Mark Bristow was joined by Nevada Governor Steve Sisolak in Elko , hosting a meeting of local, regional and tribal leaders. As Chairman of Nevada Gold Mines, Bristow updated the community stakeholders regarding the joint venture between Barrick Gold Corporation and Newmont Goldcorp Corporation.
Yesterday’s event underscores the long-term benefits of the joint venture, including longer mine lives, longer-term employment opportunities, longer-term benefits to our local communities and suppliers and longer-term benefits to Nevada’s economic growth.
Mark Bristow said the company is eager to demonstrate the lasting value to Nevada.
“This joint venture positions Northern Nevada as the world’s greatest gold mining complex. Our company is proud to be part of a joint investment with Newmont Goldcorp in Nevada Gold Mines. We see this massive investment in Nevada and its world class mining industry enduring for decades to come. There’s a reason why Nevada is ranked as one of the more attractive jurisdictions in the world for mining investment. It’s not only the geological attractiveness, but that we have a true partnership with the state and federal government in growing a responsible, safe, and beneficial industry for our local communities,” he said.
The new company, owned 61.5% and operated by Barrick, and owned 38.5% by Newmont Goldcorp, officially launched on July 1, 2019.
Earlier in the day, Governor Sisolak visited the Cortez mine site, his first visit to a Tier One1 mine. Cortez has been continuously mined since 1862 and demonstrates the magnitude of the industry in Northern Nevada as an economic driver for the state through the capital involved in running modern mining operations, environmental safeguards, employee safety, and job security.