August 26, 2019
Haul trucks from the Cortez open pit mine now move ore to a former Newmont facility, which shortens the haul journey for Nevada Gold Mines.
Nevada Gold Mines Executive Managing Director Greg Walker, who started with Barrick in 2002, has seen his share of failed merger discussions over the years. Just this year, Barrick tendered an $18 billion stock offer to acquire Newmont outright. That plan, like many others, was scuttled — but with so many assets and ore bodies in proximity, it didn't take a crystal ball to see that pooling those assets could increase value and extend mining capabilities.