Barrick’s Strategic Shift Sets Stage for Crucial Earnings Report

As Barrick Mining Corporation prepares to release its third-quarter results, the company has executed another strategic asset sale that underscores its ongoing transformation. The recent divestiture of the Alturas project in Chile to Boroo Pte. Ltd. for $50 million cash, finalized on Friday, November 7, 2025, represents more than just a routine transaction—it signals a fundamental reshaping of the mining giant’s operational focus.

The Chile disposal forms part of a broader pattern of strategic streamlining. Beyond the immediate cash injection, Barrick secured additional value through a 0.5% smelter royalty on future gold and silver production from the project, capped after 2 million gold equivalent ounces. Boroo retains an option to repurchase this royalty within Read more...