Barrick revisits Fourmile development plans in Nevada
Barrick Mining Corp. is reassessing how to advance its Fourmile gold deposit in Nevada, a move that could push back the timeline for a key study on one of the industry's richest discoveries. The review follows an agreement to transfer a stake in the project to joint venture partner Newmont Corp. and reflects a broader effort to integrate Fourmile with Barrick's Nevada operations.
Highlights
- Barrick is reconsidering its development approach for the Fourmile deposit in Nevada after agreeing to hand a stake to Newmont Corp.
- Barrick is evaluating integrating Fourmile with the neighboring Goldrush mine, potentially delaying the related study and affecting capital planning.
- The review may slow visibility on Fourmile's development timeline, impacting expectations for one of the world's richest gold discoveries.
Development review and study timeline
As reported by Bloomberg, Barrick is reconsidering its development approach for the Fourmile deposit after reaching a deal to hand a stake in the asset to Newmont Corp. The miner is now weighing alternative ways to access the project, including through the neighboring Goldrush mine, as both assets sit within the wider Nevada complex.Tim Cribb, chief operating officer of Barrick's North America business, told analysts on an earnings call Monday that the company is evaluating those options. That review raises the possibility that the study tied to Fourmile could take longer than previously expected.
Implications for Nevada gold operations
The reassessment points to a more integrated operating strategy in Nevada, where Barrick is looking at how Fourmile can fit alongside existing infrastructure and nearby mines. Linking the deposit to Goldrush could affect the eventual development path, capital planning and operating sequence for the broader complex.For the gold sector, any delay in the study would slow visibility on the timetable for a deposit viewed as one of the world's richest discoveries. At the same time, Barrick's review suggests the company is prioritizing a development plan that could better align Fourmile with its regional portfolio and joint venture structure.
Latest Newmont Corporation News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
