09:02 AM EST, 12/03/2024 (MT Newswires) -- Quaise Energy, and the Barrick-operated Nevada Gold Mines (ABX.TO, GOLD), a joint venture with Newmont Corporation ( NEM ) , said Tuesday they are exploring additional decarbonization of NGM's TS Power Plant by using geothermal heat from NGM's land and subsurface holdings to hybridize on-site power generation.

NGM recently completed construction of a 200-megawatt solar power plant and is modifying the TS Power Plant to use cleaner-burning natural gas as a fuel source. Together with Quaise, NGM is investigating deep geothermal energy sources to reduce the plant's fossil fuel consumption and greenhouse gas (GHG) emissions.

Nevada Gold Mines is targeting an overall 30% reduction in GHG emissions by 2030.