08:09 AM EST, 11/07/2025 (MT Newswires) -- Barrick Mining ( B ) said Friday that it has completed its sale of the Alturas Project in Chile to Boroo for an upfront cash payment of $50 million.

Barrick said it has also been granted a 0.5% net smelter return royalty on gold and silver produced from the project, which will end once the mine produces 2 million ounces of gold and gold-equivalent.

Under the deal, Boroo may repurchase the royalty within four years for $10 million, Barrick said.