Barrick completes Alturas Project divestiture, receives $50 million payment.

Barrick Mining Corporation has completed the sale of the Alturas Project in Chile to Boroo Pte. Ltd. for a $50 million upfront payment. The deal includes a 0.5% net smelter return royalty on gold and silver production, which can be repurchased by Boroo for $10 million within four years. The sale aligns with Barrick's strategy to divest non-core assets and focus on its Tier One gold mines.