Barrick Resources Collection (Accn 1527)
The Barrick Resources Collection (1985-1986) contains clippings from newspapers, mining trade journals, and other
publications that discuss the acquisition and operation of the Mercur gold mine in Tooele County, Utah. Barrick Resources,
headquartered in Toronto, Canada, purchased the Mercur Mine from Texaco in 1985. It had been part of Getty Oil, a company
acquired a year earlier by Texaco. Annual mine output of 80,000 ounces of gold made Barrick one of the major gold producers
of North America. Process improvements introduced by the new owner increased output to an estimated 140,000 ounces in 1986.
Gold Standard Inc. of Salt Lake City, holder of a large tract of land at the south end of the Oquirrh Mountains that included
the Mercur mine, held a joint venture interest in the earnings of the mine. Adnan Khashoggi, notable for his participation in
Salt Lake City's Triad Center and International Center, was an investor in and a director of Barrick Resources. An
inventory is available.