According to many of Barrick’s senior officers Nevada is the most prospective place on earth to explore for gold. Perhaps that’s why Barrick is ‘coming home’ to the state that helped make the company.
In an effort to cut costs, the company has sold its portfolio of mines down to 19 compared to the 27 it had in 2012. Barrick is also shuffling management and refocusing its operations. This renewed focus comes following billions in impairment charges in 2013 (and half a billion more in early 2014) related to the value of many of its ‘not in Nevada’ projects.
Yet in Nevada Barrick is advancing its South Arturo project, extending the ore body at Cortez Hills and expanding its Turquoise Ridge mine. It’s also fact tracking its Spring Valley joint venture (JV) with Midway Gold.
Terraco Gold TSX.V - TEN owns a gold net smelter return (NSR) royalty suite of assets on almost all of the Spring Valley deposit.
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https://aheadoftheherd.com/Newsletter/2014/Barrick-Comes-Home.htm
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