Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced the closing of the previously announced sale of a portfolio of 22 royalties (the “Portfolio”) to Maverix Metals Inc. (“Maverix”). Following the exercise by Skeena Resources Limited (“Skeena”), the operator of the Eskay Creek mine in British Columbia, of its buy-down right to acquire 0.5% of the 1.0% net smelter returns royalty on the Eskay Creek mine, Barrick has received total consideration equal to $50 million in cash in respect of the Portfolio. Barrick has the right to receive up to an additional $10 million from Maverix if certain conditions relating to the Portfolio are satisfied within six years of closing.
Barrick Enquiries:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
SEVP Strategic Matters
Kevin Thomson
+1 416 307 5150
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
