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Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined our significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.
Nevada Gold Mines was formed on July 1, 2019, as a joint venture between Barrick Gold (61.5% ownership) and Newmont (38.5% ownership) through the combination of their significant gold mining assets across northern Nevada. The assets in Nevada Gold Mines include 10 underground mines and 12 surface mines as well as related facilities.
- 2019
- Elko, Nevada, United States
- 7,000
- Metals and mining
Active gold mines in Nevada. Gold mining is a major industry in the U.S. State of Nevada. In 2020 mining overall contributed $9.5 billion to the state's economy, $8.4 billion from gold and silver mining (all silver produced in Nevada is as a by-product from gold mining).
MineOwnerCountyProduction (oz) (year)Barrick Gold (61.5%), Newmont (38.5%)Elko53,303 (2021)Aurora mine, former Esmerelda0 (2021)202,905 (2021)Barrick Gold (61.5%), Newmont (38.5%)Eureka377,082 (2021)Nevada Gold Mines is 61.5% owned and operated by Barrick, and 38.5% owned by Newmont. The assets of Nevada Gold Mines comprise 10 underground and 12 open pit mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five heap leach facilities.
- Carlin Trend
- Goldfield
- Robinson/Ely
- Gold Royalties
- Gold Mining Companies in Nevada
- See Also
- External Links
Gold was discovered in the vicinity of Carlin in Eureka County in the 1870s, but production was small. Placer deposits were discovered in 1907, but the deposits were too small to cause much excitement. It was not until 1961 that Newmont Mining Corporationdiscovered the large low-grade gold deposit at Carlin that the mining industry began to take no...
Goldfield was discovered in 1902, and began major gold production in 1904. The ore occurs in altered shear zones in Tertiary dacite and andesite. Total gold production through 1959 was 4,200,000 troy ounces (130 t).
The Robinson district at Ely, Nevadaproduced about 3,000,000 troy ounces (93 t) of gold through 1990, as a byproduct of copper mining. In 2017 the Robinson Mine produced 112,633,428 pounds of copper, 37,897 troy ounces of gold and 652,763 pounds of molybdenitewith 617 employees.
All mineral and gold production on public and private lands in Nevada is subject to a Net Royaltypayable to the State. The gross proceeds from the sale of minerals minus allowable deductions determine the taxable net proceeds. If the net proceeds from sales by a mine in the taxable year total $4 million or more, the tax rate is 5%. For less profita...
Feb 9, 2024 · Elko, Nevada – Nevada Gold Mines (NGM) has come a long way since 2019 when Barrick and Newmont pooled their assets in the state to create the world’s largest gold mining complex and is now making a strong start to the new year on the back of performance improvements and new growth prospects.
Nevada Gold Mines employs more than 7,000 men and women at our operations across northern Nevada and in our office in Henderson. In 2020, NGM employees earned $1.1 billion in total compensation, including wages, incentives and benefits.
