A lucrative business
Carrington in the United States also belongs to Newmont. Carrington is located in Nevada and includes both open-pit and underground mining. Gold quarries accounted for most of the 9.07 million ounces of gold produced in 2014. That represents a drop of 1 million ounces in 2013. Near Carlin, Nevada, Carrington is a five-mile-wide, 40-mile-wide gold deposit. Gold was discovered in the 1870s. Due to the harsh conditions in the area, very little gold was produced until 1909. It wasn’t until 1964 that about 22,000 ounces were produced. From 1964 to 2008, Carrington produced 70 million ounces of gold, worth about $85 billion.