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BARRICK Mining's plans to develop its flagship Fourmile gold deposit in Nevada could face delays as the company reassesses how best to access the project, Bloomberg reported.
The miner is reconsidering its development plans after an August agreement with Newmont brought Fourmile into the Nevada Gold Mines joint venture.
Barrick is now evaluating whether to access the deposit through the neighbouring Goldrush mine, potentially allowing the operations to share infrastructure and other resources.
Tim Cribb, chief operating officer of Barrick's North American business, told analysts on Monday that the revised approach had affected the schedule for developing the Bullion Hill decline, a planned underground entrance to Fourmile.
Barrick previously targeted completing a pre-feasibility study in 2028, but Cribb declined to confirm whether that timetable remained achievable.
The August agreement gave Newmont a stake in Fourmile in exchange for supporting Barrick's proposed initial public offering (IPO) of its North American gold assets.
The deal removed a potential obstacle to the listing after Newmont threatened legal action over alleged mismanagement of the Nevada joint venture.
Barrick expects to file its IPO registration statement later this month, with the listing targeted for the fourth quarter or early 2027.
CEO Mark Hill said the filings would provide greater clarity on development plans for Nevada Gold Mines and Pueblo Viejo in the Dominican Republic. Updated mineral reserves and resources would follow at year-end.