An intensive strategic review by executive teams from Barrick Gold Corp. and Nevada Gold Mines has confirmed the enormous geological potential of the NGM properties and outlined key development projects, Barrick announced last month. Barrick also issued the company's annual report that cites the exploration potential at the mines operated by NGM that include three Tier One mines, which are mines with more than 10 years of life remaining, produce 500,000 gold ounces or more, and have mid-to-low cash costs. Barrick President and Chief Executive Offer Mark Bristow said unlocking the full potential of the Nevada gold fields at what he described as one of the world's largest and most prospective gold endowments had been one of the key drivers behind the formation of NGM.