A lucrative business
The strike and Cortez actually tied for sixth place in 2014, producing 9.02 million ounces of gold. Since Cortez is on a fast downward trend, it is reasonable to assume that the gold strike produced more in 2015. The gold mine is located northwest of the Karim mine, on the karim trend. The strike is owned by Barrick Gold, which acquired the deposit in 1987. Previously, the mine belonged to Western mining companies and PanCana, and has been a joint venture since 1978. Barrick Gold bought the joint venture in 1987, and the annual mining began. This mine consists of three operations. One is the backpile open-pit mine. The other two mines are the Underground Mikel and Rodeo mines. The gold strike grew by 1% between 2013 and 2014.