Barrick Gold to sell royalty portfolio to Maverix Metals for $60 million
The Portfolio consists of 22 royalties on the production of minerals from mines in North America, South America, Australia and Africa.
The Portfolio consists of 22 royalties on the production of minerals from mines in North America, South America, Australia and Africa.
Decision blocks Rio Tinto’s efforts to gain greater control of the giant Oyu Tolgoi copper-gold mine in Mongolia.
The miner, which had $500 million in cash at the end of June, said the impact of additional delays will be known before the end of September.
The company is working with the University of Nevada and the Great Basin College in Elko to develop mining-centred programs.
Royal Gold paid $525 million in cash to Rio Tinto for a 1.2% gross royalty on the Cortez gold complex in Nevada.
The Canadian gold miner saw cash operating costs for the second quarter jump by 22%, while costs per ounce sold increased by 9%.
Aluminum producers are facing a hard landing after the bonanza pricing seen in the first half of 2022.
Province where Reko Diq is located will benefit from its 25% ownership without having to contribute financially to construction and operations.
Teams from Barrick and Pakistan are currently finalizing a framework deal to develop the giant Reko Diq copper-gold deposit.
A cost and schedule reforecast now pegs the total project costs at $7.06 billion, almost $1.8 billion higher than its original estimate in 2015.