https://newsletter.en.creamermedia.com
Building|Copper|Gold|PROJECT|Resources|System|Drilling
Building|Copper|Gold|PROJECT|Resources|System|Drilling
building|copper|gold|project|resources|system|drilling

Barrick sells Chile’s Alturas project to Boroo for $50m

10th November 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

NYSE- and TSX-listed Barrick Gold has completed the sale of its Alturas project in northern Chile to Singapore-based Boroo for $50-million in cash.

As part of the deal, Barrick will retain a 0.5% net smelter return royalty on gold and silver production from Alturas, which will terminate after two-million ounces of gold and gold-equivalent have been produced. Boroo has the option to repurchase the royalty for $10-million within four years.

Boroo said on Friday that the acquisition marked its entry into Chile and aligned with its strategy to become a midtier global metals producer with a diversified portfolio of long-life assets.

Located in the prolific El Indio Belt near the Chile-Argentina border, Alturas is a high-sulphidation epithermal gold system discovered by Barrick in 2015. The project hosts indicated resources of 2.2-million ounces of gold and inferred resources of 3.6-million ounces, based on more than 130 000 m of drilling.

“We are excited to complete the acquisition of the Alturas project,” said Boroo CEO Dulguun Erdenebaatar in a statement.

“We look forward to advancing Alturas in a phased manner and building on Barrick’s legacy of constructive engagement with local authorities and communities. This also represents Boroo’s entry into Chile – a country with world-class copper potential – and an important step in broadening our strategy toward a more balanced gold and copper portfolio.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

An image showing the Africa Trade Engine launch
Pioneering Africa Trade Engine launched to actualise AfCFTA
14th November 2025 By: Tasneem Bulbulia

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 2.218s - 186pq - 2rq
Subscribe Now