Nevada Gold Mines says it has secured a US Bureau of Land Management Record of Decision (ROD) approving its proposed circa-US$1.4 billion Goldrush underground gold mine near Beowawe in Nevada, USA. It is stepping up recruitment of people and equipment for the planned c400,000 ounces-per-annum operation.
Majority owned by Barrick Gold Corp (61.5%) and Newmont (38.5%), Nevada Gold Mines produced about 1.9 million ounces of the precious metal in 2022.
Goldrush at its Cortez Complex is expected to ramp up from next year with output of 130,000oz.
More than $370 million has already been spent on the project, with about $1 billion more to be outlaid.
Barrick said receipt of the ROD followed a “multi-year consultation and independent impacts analysis process pursuant to the National Environmental Policy Act, which included specialist environmental studies”.
Goldrush is expected to employ about 570 people in full production.
