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approximately 7,000 people

Nevada Gold Mines is a joint venture that commenced operations on 1 July 2019, combining the assets of Barrick Gold and Newmont in northern Nevada. The complex is the single largest gold-producing complex in the world and includes multiple mines and processing facilities. The primary assets are the Carlin, Cortez, Turquoise Ridge, Phoenix, and Long Canyon operations. The Long Canyon mine was placed on care and maintenance at the end of 2023.

Production overview - 2023: gold 1170000 oz, silver 952702 oz, copper 35406713 lbs; 2022: gold 1169000 oz.

The Nevada Gold Mines complex features a wide array of processing facilities tailored to different ore types. These include: Carlin Complex: Gold Quarry Roaster, Goldstrike Autoclave, and Goldstrike Roaster. Recent investments have included the expansion of the Gold Quarry roaster, which increased its throughput by 20%, and process improvements at the Goldstrike roaster. Cortez Complex: An oxide mill and multiple heap leach pads. Turquoise Ridge Complex: The Sage Autoclave and a carbon-in-leach (CIL) plant. Significant upgrades have been made to the Sage autoclave to improve its reliability and performance. Phoenix Complex: A flotation mill, a copper leach pad, and a solvent extraction-electrowinning (SX/EW) plant.

The open pit operations are undergoing a significant fleet upgrade with the acquisition of 63 new Komatsu 930E-5 haul trucks. This is part of a broader initiative to recapitalise the operations for the next 10-15 years. The underground mines utilise a range of standard equipment, including load-haul-dump vehicles, haul trucks, and drilling equipment.

The Goldrush project is a key component of Nevada Gold Mines' growth strategy. The project received its Record of Decision in late 2023, with a total anticipated capital expenditure of approximately $1 billion on a 100% basis. Production from Goldrush is expected to ramp up, reaching approximately 130,000 ounces in 2024 and growing to around 400,000 ounces per year by 2028 (100% basis). The development of Goldrush is expected to create approximately 500 construction jobs and 570 new operational jobs. Another significant development is the Barrick-owned Fourmile project, which has the potential to be contributed to the Nevada Gold Mines joint venture if certain conditions are met. Exploration efforts are ongoing across the complex to identify further growth opportunities.

7500 (construction); 4000 (operation)

Production overview - 2025: copper 7300000 t, gold 404.35 t.

The project will be a truck-and-shovel open pit operation with processing facilities to produce a high-quality copper-gold concentrate. Construction is planned in two phases. Phase 1 is expected to have a processing capacity of 45 million tonnes per annum, expanding to a combined 90 million tonnes per annum in Phase 2.

Key suppliers for processing and mining equipment include Metso, Weir, and Komatsu.

The reconstitution of the Reko Diq project was completed in December 2022. An updated feasibility study has been completed and approved by the joint venture shareholders. The Environmental and Social Impact Assessment (ESIA) was approved by government authorities in early 2025. Fluor has been selected as the lead engineering, procurement, and construction management (EPCM) partner. The total estimated capital cost for Phase 1 is between $5.6 billion and $6.0 billion, with Phase 2 estimated between $3.3 billion and $3.6 billion. In early 2026, Barrick announced it was slowing development activity and extending the project review until mid-2027 due to escalating security risks in the region. This may lead to significant increases in the estimated capital budget and timeline. The previously targeted first production by the end of 2028 is now under review. The project is expected to create approximately 7,500 jobs during peak construction and 4,000 long-term positions once operational.

Approximately 7,000 (2020)

Joint venture between Barrick Gold Corporation (61.5% and operator) and Newmont Corporation (38.5%).

Production overview - 2022: gold 1850000 oz, copper 36736179 lbs, silver 1322700 oz; 2021: gold 173067 oz, silver 1322700 oz, copper 36736179 lbs.

The assets of Nevada Gold Mines include two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five heap leach facilities.

Rock Creek is a pre-development project operated by Hecla Mining Company, located approximately five miles northeast of Noxon in Sanders County, Montana, United States. Hecla acquired the Rock Creek project in June 2015 through its acquisition of Revett Mining Company. The project is considered to be one of two large silver/copper deposits in the region, the other being the Montanore project. The proposed mine is an underground copper and silver mine. If developed, the mine and processing facility could handle up to 10,000 tons of ore per day for as long as 30 years.

10,000 tons of ore per day

approximately 7,000 people

Nevada Gold Mines is a joint venture company operated by Barrick Gold Corporation, which holds a 61.5% ownership stake, with Newmont Corporation owning the remaining 38.5%. The joint venture combined the significant mining assets of both companies in northeastern Nevada, United States, to create the world's largest gold-producing complex. The operation is active and employs a workforce of approximately 7,000 people.

2023: Barrick attributable gold production ~1.9 Moz, Newmont attributable gold production 1.17 Moz. 2022: Barrick attributable gold production ~1.9 Moz, Newmont attributable gold production 1.169 Moz.

Two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant, and five heap leach facilities. Oxide ores are treated using heap leaching. High-grade oxide and sulphide ores can be processed through conventional milling and cyanidation. For refractory ores, operations use roasting and autoclaves for pre-treatment. The Carlin complex includes the Gold Quarry Roaster, Goldstrike Autoclave, and Goldstrike Roaster. The Cortez facilities include an oxide mill (Pipeline mill) and heap leach areas. The Phoenix complex has a copper leach pad, an SX/EW plant, and a mill. The Turquoise Ridge Complex uses the Sage Autoclave and the Juniper Oxide CIL plant.

During its peak construction phase, the project is anticipated to employ 7,500 people. Once operational, it is expected to create 4,000 long-term jobs.

Production overview - 2024: gold 13000000 oz, copper 7300000 t.

The project will involve a processing plant to produce a copper-gold concentrate. The development is planned in two phases, with a combined processing capacity of 90 million tonnes per annum when fully operational. Phase 1 will have a processing capacity of 45 million metric tons annually, which will be doubled in Phase 2.

The mine will be a truck-and-shovel operation. Key partners selected to supply processing and mining equipment include Metso, Weir, and Komatsu.

Development planned in two phases, with a combined processing capacity of 90 million tonnes per annum. Phase 1 at 45 million metric tons annually, doubled in Phase 2. Development activity slowed in April 2026 due to escalating security risks, with project review extended until mid-2027, impacting budget and timeline.

300 (projected)

The Rock Creek project, operated by Hecla Mining Company, is a proposed underground silver and copper mine in Sanders County, Montana, approximately five miles northeast of Noxon. Hecla acquired the project in June 2015. The project is currently on hold, as Hecla has withdrawn the Plan of Operations from consideration by the United States Forest Service and has no current plans for activities beyond care and maintenance. The company is instead focusing on its nearby Libby Exploration Project (Montanore), although it notes that common ownership of both ore bodies provides future optionality. The project has faced significant legal challenges. In April 2021, a federal court invalidated the mine's approval, ruling that the U.S. Fish and Wildlife Service and U.S. Forest Service had violated the Endangered Species Act by not adequately considering the full impact on grizzly bears and bull trout. Due to ongoing litigation, no mine-related construction can currently take place on public land.

The proposed plan, which is not being advanced, involved extracting 10,000 tons of ore per day.

Processing would take place at a mill and concentrator complex.

The Rock Creek project, acquired by Hecla Mining Company in June 2015, is currently on hold with no activities beyond care and maintenance planned as of June 2022. Development plans are halted due to invalidated federal authorisations following successful litigation, which found violations of the Endangered Species Act. The project faces environmental concerns regarding grizzly bears, bull trout, and water quality.

The Mohave project is located in Mohave County, Arizona. It is considered an exploration-stage, drill-ready project. The last drilling at the site occurred in 2011. The project has potential for porphyry copper-molybdenum-silver mineralisation.

The Zafranal project, operated by Compañía Minera Zafranal S.A.C., is a copper-gold porphyry deposit located in the Arequipa region of southern Peru. The project is a joint venture between Teck Resources Limited, which holds an 80% interest, and Mitsubishi Materials Corporation, with the remaining 20%. As of early 2026, the project's status is under development, but it is being transitioned to "asset preservation". A decision on construction has been postponed, and early work activities were scheduled to cease in the first quarter of 2026. The project has received regulatory approval for its Environmental Impact Assessment from SENACE, Peru's National Service of Environmental Certification for Sustainable Investments. The proposed mining method is a conventional open-pit truck and shovel operation. The project plans include two pits, Zafranal and Victoria.

Production overview - 2018: copper 1674660 t, gold 30.849 t; 2016: copper 1604000 t, gold 28.07 t.

Ore will be processed at a concentrator plant with a capacity of up to 80,000 tonnes per day. The processing will involve crushing, grinding, flotation, thickening, and filtering to produce copper-gold concentrates.

truck and shovel

5,000 direct and indirect jobs

Currently in permitting and engineering stage. Environmental Impact Assessment and Change of Land Use permit applications submitted in January 2024. Updated feasibility study expected in early 2024. Final investment decision anticipated in H2 2025.

First production is expected in 2026. The project is expected to produce an average of 63,000 tonnes of copper and 147,000 tonnes of zinc in concentrate per year over its first five years.

conventional flotation plant to produce copper and zinc concentrates, with a processing capacity of up to 20,000 tonnes per day.

trucks and shovels

100-105 people

The Akasaba West gold-copper open-pit mine is operated by Agnico Eagle Mines Limited, which holds a 100 per cent ownership interest in the project. The project is located within the municipal limits of Val d'Or, Quebec, Canada, approximately 15 kilometres east of the city's downtown core. Development involved the construction of the pit, a hauling road, and waste rock and ore piles. Commercial production was achieved in the first quarter of 2024.

Production overview - 2024: gold 0.1 Moz; 2021: gold 147000 oz.

On-site gyratory crushing, then trucked to Goldex mine concentrator for processing, and then to LaRonde complex for final processing.

Gyratory crusher, administrative buildings, site trailers, machinery maintenance facility.

approximately 5,000 direct and indirect jobs across its various phases.

The San Nicolás Project is currently in the permitting and engineering stage. An Environmental Impact Statement and a Change of Land Use application were submitted to the Mexican environmental ministry in January 2024. The joint venture expects to receive these authorisations by the end of the second quarter of 2026, which would lead to a final investment decision in the third quarter of the same year. An updated feasibility study is being prepared by the joint venture partners.

First production is anticipated in 2026, pending a final investment decision. Over the first five years, the mine is expected to produce 63,000 tonnes of copper and 147,000 tonnes of zinc in concentrate annually.

The project will utilise a conventional flotation plant with a processing capacity of up to 20,000 tonnes per day to produce copper and zinc concentrates.

The mine will be a modern truck-and-shovel open-pit operation.

7 (July 2015), 6 (June 2017) for reclamation and maintenance

The Troy Mine is a silver and copper project located in Lincoln County, Montana, in the United States. The mine is currently inactive, having been permanently closed and now undergoing reclamation. Hecla Mining Company acquired the Troy Mine in its acquisition of Revett Mining Company, which was completed on 15 June 2015. Upon acquisition, Hecla announced its intention to permanently close and remediate the mine.

Production overview - 2012: copper 7.6 Mlbs, silver 1.1 Moz.

mill

mill, office facilities, tailings and water pipelines, power line, tailings impoundment

Rock Creek is a proposed underground copper and silver mine operated by Hecla Mining Company. The project is located in Sanders County, Montana, in the United States, approximately five miles northeast of Noxon. The site is situated beneath and adjacent to the Cabinet Mountains Wilderness. It has faced legal challenges, and in 2021, a federal court invalidated the government's approval for the first phase of the mine.

Production overview - 2025: silver 148291000 oz.

conventional froth flotation to produce a copper/silver concentrate

most of the underground mobile equipment would be electric-powered

The mine employs a multinational workforce, including personnel from Saudi Arabia, West Africa, Australia, and Indonesia. The contractor, Byrnecut, has a workforce with over 20% Saudi nationals.

Production overview - 2024: copper 65000 t; 2023: copper 59091 t.

The mine utilises conventional flotation to produce copper concentrate. A paste backfill system is also in operation. The project aims to extract approximately 3 million tonnes of ore per year.

The mining contractor Byrnecut operates a fleet of Sandvik equipment, including nine TH663i and three TH663 trucks, seven LH621i and one LH621 LHDs, four DL421 production drills, and three DD421 development rigs. A Rhino 100HM boxhole borer is also used.

An expansion of the mine was undertaken through the development of the Lode 1 orebody, located less than one kilometre from the existing lode. Stoping at Lode 1 commenced in the third quarter of 2023, with the development for 2024 completed on schedule. The expansion included significant underground capital development and upgrades to the ventilation and paste plant facilities. Commissioning of the paste plant began in the second quarter of 2024. The inclusion of Lode 1 into the Life of Mine plan is intended to supplement the ore supply and enable the operation to deliver 3 million tonnes per annum.

The Rock Creek project is located approximately five miles northeast of Noxon in Sanders County, Montana. Hecla Mining Company acquired the project in June 2015 through its acquisition of Revett Mining Company. The project is currently on hold. A 2021 court ruling invalidated the U.S. Forest Service's approval for the mine's evaluation phase, meaning the project currently has no federal authorisation to proceed. In its 2025 annual report, Hecla acknowledged that legal challenges could prevent the project from ever being developed. As of September 2025, the company stated it was not currently advancing Rock Creek but that common ownership with the nearby Libby Exploration project provides future optionality. In February 2022, Hecla withdrew the former Plan of Operations for the mine and is not currently proposing any activities beyond care and maintenance.

The Libby Exploration Project, formerly Montanore, is a stratabound silver-copper deposit in Lincoln County, Montana. Authorized for underground exploration in October 2025, it aims to collect data for engineering and feasibility, not production. As of December 2024, it has an Inferred Resource of 112.2 million tons.

Production overview - 2024: silver 5691.9353964 t, copper 680388 t.

During its peak construction phase, the project is expected to employ 7,500 people. Once in production, it is anticipated to create 4,000 long-term jobs. As of May 2025, nearly 1,000 employees were on-site. Peak mining workforce numbers are estimated at 1,430 workers for Phase 1 and 2,160 for Phase 2.

The Reko Diq project is an open pit copper-gold mine in Balochistan, Pakistan, operated by Barrick Gold Corporation (50% ownership). Currently in feasibility, it plans a two-phase truck-and-shovel operation to produce copper-gold concentrate, with Phase 1 processing 45 Mtpa and Phase 2 doubling capacity to 90 Mtpa. Development is currently slowed due to security risks, with a project review ongoing until mid-2027, impacting budget and timeline.

The project plans a truck-and-shovel open pit operation with processing facilities to produce a high-quality copper-gold concentrate. The development is planned in two phases. Phase 1 is designed to process 45 million tonnes of ore per annum, with Phase 2 expected to double the capacity to 90 million tonnes per annum.

The project is planned in two phases, with Phase 1 designed to process 45 million tonnes of ore per annum, and Phase 2 expected to double the capacity to 90 million tonnes per annum. The reconstitution of the Reko Diq project was completed in December 2022. An updated feasibility study was approved in April 2025, and early-stage civil works began in April 2025. Development activity was slowed in April 2026 due to security risks, with a project review ongoing until mid-2027 to assess security, capital requirements, scope, and timeline.

multinational workforce

The mine utilises a conventional flotation process to produce copper concentrate. A Barrick-patented method, the air-metabisulfate process, is used which does not require cyanide, lime, or fresh water and can operate with salt water, brackish water, or wastewater. The mine processes copper concentrate using 100 percent wastewater sourced from a sewage treatment plant in Medina. A filtration circuit recycles an estimated 70 percent of the wastewater. The mine employs a dry stack tailings storage method. The processing facility includes a paste plant for backfill.

The mining contractor, Byrnecut, utilises equipment including Sandvik DD421 development drills, Sandvik DL421 production drills, a Rhino 100HM boxhole rig, Sandvik LH621 and LH621i boggers, and Sandvik TH663 trucks.

The mine has expanded through the development of the Lode 1 orebody, which is less than one kilometre from the existing lode. This expansion included underground capital works and major upgrades to ventilation and paste plant facilities. Stoping in this new area began in the third quarter of 2023, with commissioning of new infrastructure starting in the second quarter of 2024.

7500 (peak construction), 4000 (long-term operations)

The Reko Diq project is a large copper-gold deposit located in the Chagai District, Balochistan, Pakistan. It is being developed as an open pit mine.

Production overview - 2025: copper 15 Mt, gold 26 Moz.

The mine will use a truck-and-shovel open pit operation with processing facilities to produce a high-quality copper-gold concentrate. Construction is planned in two phases, with a combined processing capacity of 90 million tonnes per annum.

truck-and-shovel open pit operation

Construction planned in two phases with a combined processing capacity of 90 million tonnes per annum. Development slowed in early 2026 due to escalating security risks, review extended to mid-2027, expecting significant increases to capital budget and delayed first production (originally targeted for 2028). The Environmental and Social Impact Assessment (ESIA) has been approved.

The Jabal Sayid mine is an underground copper operation located in the Al Madinah Region of Saudi Arabia, approximately 350 kilometres north-east of Jeddah. It is a 50/50 joint venture between Barrick Gold Corporation and the Saudi Arabian Mining Company (Ma'aden), and is operated by the Ma'aden Barrick Copper Company. Commercial production at the mine began in July 2016.

Production overview - 2025: copper 32000 t; 2024: copper 65000 t.

The processing of the ore involves conventional flotation. The project utilises a paste backfill system.

The mining contractor, Byrnecut, has a contract running to 2028 and utilises a fleet of Sandvik equipment, including TH663i and TH663 trucks, LH621i and LH621 LHDs, and DL421 and DD421 drills.

A recent expansion of the mine involved the development of the Lode 1 orebody, which is located less than one kilometre from the existing lode. This extension development, including significant underground capital works and upgrades to ventilation and paste plant facilities, was completed in 2024. Stoping in this new area began in the third quarter of 2023.

The Rock Creek silver and copper project in Montana, operated by Hecla Mining Company, remains in a state of suspended development. The company is not currently undertaking permitting activities to move the proposed underground mine towards construction. The project has been subject to protracted legal and regulatory challenges, primarily centered on environmental concerns and its potential impact on the surrounding Cabinet Mountains Wilderness. These challenges have resulted in court decisions that have invalidated previous approvals, preventing any mine-related activities from proceeding on public land.

Construction: Approximately 3,000 direct jobs and 1,000 indirect jobs. The project will have facilities to house up to 4,120 people during this phase. Operation: Approximately 834 direct jobs and 423 indirect jobs.

Production overview - 2018: copper 1674660 t, gold 30.849 t.

conventional concentrator plant with a processing capacity of up to 80,000 tonnes of ore per day. The process will include crushing, grinding, flotation, thickening, and filtering to produce a copper-gold concentrate. An average processing capacity of 64,000 tonnes per day is also cited. A 3.6-kilometre-long tunnel will be constructed to convey ore to the crushing circuit.

conventional truck and shovel operations

The Zafranal Project received regulatory approval from Peru's National Service of Environmental Certification for Sustainable Investments (SENACE) in May 2023. A Feasibility Study was completed in June 2019 and updated in January 2020. However, Teck Resources has since decided to place the project into "asset preservation" to focus on other assets. Early work activities were to be halted, and contractors demobilised by the end of the first quarter of 2026.