Barrick Completes Sale of Alturas Project

Rhea-AI Summary

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.

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

News Market Reaction

+1.66%

1 alert

+1.66% News Effect

On the day this news was published, B gained 1.66%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.