Barrick Completes Sale of Alturas Project

Core Points - Barrick Mining Corporation has completed the divestiture of the Alturas Project in Chile to Boroo Pte. Ltd for an upfront cash payment of $50 million [1] - Barrick will receive a 0.5% net smelter return royalty on gold and silver produced from the Project, which will cease once 2 million ounces of gold and gold-equivalent have been produced [1] - Boroo has the option to repurchase the royalty within four years from closing for $10 million [1] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets [2] - The company operates in 18 countries across five continents and is the largest gold producer in the United States [2] - Barrick aims to create long-term value for stakeholders through responsible mining and a disciplined growth approach [2]