https://www.miningweekly.com
Construction|Gold|Infrastructure|Mining|PROJECT|Underground|Infrastructure|Operations
Construction|Gold|Infrastructure|Mining|PROJECT|Underground|Infrastructure|Operations
construction|gold|infrastructure|mining|project|underground|infrastructure|operations

Goldrush underground gold project, US

Image of gold bars

Photo by ©Bloomberg

12th April 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Goldrush underground gold project.

Location
Cortez Complex near Beowawe, in Nevada, in the US.

Project Owner/s
Nevada Gold Mines (NGM), a joint venture between Barrick Gold Corporation (61.5%) and Newmont Mining (38.5%).

Project Description
The project is forecast to produce an estimated 130 000 oz of gold in 2024, increasing to about 400 000 oz by 2028.

Potential Job Creation
The mine is expected to create 500 jobs during construction and 570 jobs during operations.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
About $1-billion.

Planned Start/End Date
The long-life mine is expected to start ramping up production in 2024, after the commissioning of the initial project infrastructure, and reach commercial production in 2026.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Barrick investor and media relations Kathy du Plessis, tel +44 20 7557 7738 or email barrick@dpapr.com
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.168s - 129pq - 2rq
Subscribe Now