The Canadian company Barrick announces major gold discovery.
Barrick has confirmed that the Fourmile project in Nevada is one of the largest discoveries of the century. The results of the 2025 Preliminary Economic Assessment (PEA) highlight its potential to become a multi-generational producer and one of the most profitable in the world.
Potential to lead the industry
Bristow emphasized at the Americas Mining Forum that Fourmile could rank among the top ten projects, with industry-leading cash flows. This discovery could redefine the cost curve of gold mining.
Development and exploration plans
Barrick plans to expand its drilling fleet and increase surface drilling by 2026. They are progressing with permits for the Bullion Hill exploration ramp, aiming to connect to the Goldrush development for underground exploration. By 2029, Barrick expects to have 34 km of development underway at Fourmile.
