Barrick Gold forms the world’s largest gold-producing complex
In July 2019, Barrick and Newmont Corporation entered into a joint venture, combining assets from each entity's Nevada-based mining operations into a single organization named Nevada Gold Mines LLC. The joint venture, which is 61.5% owned and operated by Barrick, consists of 10 underground and 12 open pit mines and is considered as the world's largest gold mining complex. Thus far the companies have registered greater mining efficiency and productivity stemming from integrated mine planning, optimized mining and processing, cost reductions and the combination of adjacent mines.
COVID|Balance Sheet|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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