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Barrick Completes Sale of Alturas Project

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B (Barrick) completed the sale of the Alturas Project in Chile to Boroo Pte. Ltd. for an up-front cash payment of $50 million on Nov 7, 2025. Barrick also retained a 0.5% net smelter return (NSR) royalty on gold and silver from the project that terminates after 2 million ounces gold-equivalent are produced. Boroo has a four-year repurchase option to buy back the royalty for $10 million. The transaction converts the asset to cash and a capped royalty interest.

B (Barrick) ha completato la vendita del Progetto Alturas in Cile a Boroo Pte. Ltd. per un pagamento in contanti anticipato di 50 milioni di dollari il 7 novembre 2025. Barrick ha anche mantenuto una royalty NSR (net smelter return) dello 0,5% sul oro e sull’argento provenienti dal progetto, che termina dopo la produzione di 2 milioni di once equivalenti in oro. Boroo ha una opzione di riacquisto di quattro anni per riacquistare la royalty per 10 milioni di dollari. La transazione trasforma l’attivo in contanti e in un interesse di royalty limitato.
B (Barrick) completó la venta del Proyecto Alturas en Chile a Boroo Pte. Ltd. por un pago inicial en efectivo de 50 millones de dólares el 7 de noviembre de 2025. Barrick también retuvo una regalía NSR (net smelter return) del 0,5% sobre el oro y la plata del proyecto, que se extingue después de producir 2 millones de onzas equivalentes en oro. Boroo tiene una opción de recompra de cuatro años para volver a adquirir la regalía por 10 millones de dólares. La transacción convierte el activo en efectivo y en un interés de regalía con tope.

B (Barrick) 은 칠레의 Alturas 프로젝트를 Boroo Pte. Ltd.에 매각하는 것을 선지급 현금 5천만 달러로 2025년 11월 7일에 완료했다. Barrick은 또한 프로젝트에서 발생하는 금과 은에 대해 0.5% NSR(순 제련 수익) 로열티를 보유하며, 이는 금등가 200만 온스가 생산될 때까지 종료된다. Boroo는 로열티를 4년 재매입 옵션으로 1000만 달러에 다시 살 수 있다. 이 거래로 자산은 현금과 상한이 있는 로열티 이익으로 전환된다.

B (Barrick) a finalisé la vente du projet Alturas au Chili à Boroo Pte. Ltd. pour un paiement en espèces initial de 50 millions de dollars le 7 novembre 2025. Barrick a également conservé une redevance NSR (net smelter return) de 0,5% sur l’or et l’argent du projet, qui prend fin après la production de 2 millions d’onces équivalentes en or. Boroo dispose d’une option de rachat de quatre ans pour racheter la redevance pour 10 millions de dollars. La transaction transforme l’actif en liquidités et en un intérêt de redevance plafonné.
B (Barrick) hat den Verkauf des Alturas-Projekts in Chile an Boroo Pte. Ltd. für eine anfängliche Barzahlung von 50 Millionen US-Dollar am 7. November 2025 abgeschlossen. Barrick behielt außerdem eine NSR-Royalty von 0,5% auf Gold und Silber aus dem Projekt, die endet, nachdem 2 Millionen Unzen Goldäquivalent produziert wurden. Boroo hat eine Vier-Jahres-Wiederkaufoption, um die Royalty für 10 Millionen US-Dollar zurückzukaufen. Die Transaktion wandelt die Anlage in Bargeld und in ein begrenztes Royalty-Interesse um.
أكملت B (Barrick) بيع مشروع Alturas في تشيلي إلى Boroo Pte. Ltd. مقابل دفعة نقدية مقدمة قدرها 50 مليون دولار في 7 نوفمبر 2025. كما احتفظت Barrick بمرخصة NSR (العائد الصافي للمصهر) بنسبة 0.5% على الذهب والفضة من المشروع، والتي تنتهي بعد إنتاج 2 مليون أونصة من معادل الذهب. لدى Boroo خيار إعادة شراء لمدة أربع سنوات لشراء هذه الملكية مقابل 10 ملايين دولار. تحويل الصفقة للأصول إلى نقد ووجود مصلحة امتياز محدودة.
Positive
  • Up-front cash proceeds of $50 million
  • Retains a 0.5% NSR royalty providing future upside until 2M oz
  • Royalty repurchase priced at $10 million within four years
Negative
  • Divestiture eliminates direct exposure to Alturas production and upside beyond royalty
  • Royalty capped and terminates after 2 million ounces, limiting long-term revenue

All amounts expressed in U.S. dollars

TORONTO, Nov. 07, 2025 (GLOBE NEWSWIRE) -- 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.

About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry—including six of the world’s Tier One gold mines—Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.

Investor Relations Contact
Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
cleveland.rueckert@barrick.com

Media Contact
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
barrick@brunswickgroup.com


FAQ

What did Barrick announce about the Alturas Project on Nov 7, 2025 (B)?

Barrick sold the Alturas Project to Boroo for $50 million cash and kept a 0.5% NSR royalty that ends after 2 million ounces gold-equivalent.

How much cash did Barrick (B) receive for Alturas and when was the deal completed?

Barrick received an up-front cash payment of $50 million; the transaction closed on Nov 7, 2025.

What are the terms of the Alturas royalty retained by Barrick (B)?

Barrick holds a 0.5% net smelter return on gold and silver from Alturas that terminates once 2 million ounces gold-equivalent are produced.

Can Boroo repurchase the royalty from Barrick (B) and for how much?

Yes. Boroo may repurchase the royalty within four years of closing for $10 million.

What is the immediate financial impact of the Alturas sale for Barrick (B)?

The sale converts the Alturas asset into $50 million cash now plus a capped royalty stream, reducing operational exposure to the project.
Barrick Mining Corporation

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