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August 11, 2025Barrick sells Chile gold project for $50M to Boroo
The Singapore unit of Boroo will pay a 0.5% net smelter return royalty on gold and silver until 2 million ounces of gold and silver are produced.
Barrick Mining is selling its Alturas gold project in Chile to a Singapore-based unit of Boroo for $50 million in cash, plus a 0.5% net smelter return royalty on gold and silver production.
The royalty will end once 2 million ounces of gold and gold-equivalent are produced. Boroo can buy it back within four years for $10 million, Barrick said.
