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M&A / Property

Barrick Mining closes sale of Alturas project

By The Northwire Desk — AI Analysis Nov 07, 2025 · 15:17 ABX · 45.93 Barrick Mining Corporation
ABX · Price

Executive Summary

  • Barrick Mining Corp. has completed the sale of its Alturas project in Chile to Boroo Pte. Ltd.
  • The transaction includes an upfront cash payment of $50 million and a net smelter return (NSR) royalty.
  • Boroo holds the option to repurchase the royalty interest within four years for $10 million.

Key Details

  • Transaction: Divestiture of the Alturas project in Chile.
  • Buyer: Boroo Pte. Ltd. (Singapore).
  • Upfront Consideration: $50 million USD cash payment.
  • Royalty Terms: Barrick retains a 0.5% net smelter return (NSR) royalty on gold and silver production.
  • Royalty Termination: The royalty terminates once 2 million ounces of gold and gold equivalent have been produced.
  • Royalty Repurchase Option: Boroo may repurchase the royalty within four years from closing for $10 million.
Read the original news release →

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