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Barrick Mining Divests Alturas Project To Boroo In Chile For $50M

Author: Benzinga Newsdesk | November 07, 2025 07:37am

Barrick Mining Corporation (NYSE:B)(TSX:ABX) ("Barrick" or the "Company") announced today that it has completed the divestiture of the Alturas Project (the "Project") in Chile to Boroo Pte. Ltd (Singapore) for an up-front cash payment of $50 million. In addition, Barrick has been granted a 0.5% net smelter return royalty on gold and silver produced from the Project, which will terminate once 2 million ounces of gold and gold-equivalent have been produced. Boroo may repurchase the royalty within four years from closing for $10 million.

Posted In: B TSX:ABX


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