Canadian miner Barrick Gold said it would be open to acquiring Newmont’s stake in its Nevada Gold Mines joint venture as Newmont seeks a takeover of Newcrest, reported Reuters. “We can’t see much strategic benefit in just getting big for bigness sake, and we don’t agree with you that it builds a better company with more gravitas,” Barrick Gold CEO…
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Newmont proposes Newcrest US$16.9 billion takeover
In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
Read MoreNevada Gold Mines going solar
Barrick Gold-owned and operated Nevada Gold Mines (NGM) has taken the first shovel of dirt from the ground near Dunphy, Nev., for a 200-megawatt, alternating current (MWAC) photovoltaic solar facility that will help to fast-track the company’s decarbonization program. The TS Solar Facility, which will be adjacent to NGM’s TS Power Plant, will be constructed in one phase with commercial…
Read MoreKinross’ Round Mountain goes underground
Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…
Read MoreRound Mountain going down
Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…
Read MoreBarrick picks Keener as North American COO
Barrick has appointed Christine Keener to serve as its chief operating officer for the company’s North American region.
Read MorePremier Gold Mines may spin out
Canadian-based Premier Gold confirmed in August it is evaluating asset reorganization options, including a spin-out of its U.S. subsidiary that includes its Nevada assets.
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