The deal will allow the Canadian miners to consolidate their Karankasso and Mana properties.
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Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.
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Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
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Asset’s reserves as at December 31, 2018 increased 4% to 1.9 million tonnes grading 11 grams per tonne of gold for 688,000 ounces, while measured and indicated resources increased 7% to 3.5Mt from a year earlier.
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Out of 800 people polled, 40% prioritize work-life balance.
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Total mineral exports fell by 16.8% in January.
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Scientists took what they call a “first step” toward creating ultrasensitive biosensors to detect the disorders that cause affections such as Alzheimer’s disease.
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Highlights from the drill program include 58.5 metres grading 0.31% copper, 0.27 gram gold per tonne and 1.41% silver.
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The Agua Rica mineral reserve is estimated to contain 4.5 million tonnes of copper and 6.5 million ounces of gold contained in approximately 910 million tonnes of ore.
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It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.
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