The Financial Post reports in its Wednesday edition that a fresh gold discovery by Barrick Gold in Nevada is "fantastically significant" and shows there still is rich potential in the region for exploration, according to chief executive officer Mark Bristow. A Reuters dispatch to the Post says that Barrick announced the discovery hole on Tuesday and said its proximity about two kilometres from the company's Fourmile project points to at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. "We're superexcited about that," Mr. Bristow told Reuters on the sidelines of the Denver Gold Forum. "That's the potential that's there in Nevada, still for me." Mr. Bristow also said the company is on track to achieve by the end 2019 half of expected cost savings of $450-million to $500-million at its Nevada joint venture with Newmont Goldcorp (all figures U.S.). Mr. Bristow said 2019 gold production is trending toward the top end of its guidance range of 5.1 million ounces to 5.6 million ounces. Last week, a British court approved Barrick's $1.2-billion takeover of Tanzania-focused Acacia Mining. Barrick is keen to shed $1.5-billion worth of less-productive mines.
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