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Barrick to sell Lagunas Norte to Singapore's Boroo for up to US$81M

Barrick Gold has agreed to sell its Lagunas Norte mine in La Libertad, Peru, to Singapore company Boroo for up to US$81 million, plus the assumption by Boroo of Barrick’s $226 million closure liability backed by an existing $173 million bonding obligation.

Paul Harris
Barrick Gold's Lagunas Norte mine in La Libertad, Peru

Barrick Gold's Lagunas Norte mine in La Libertad, Peru

Barrick will receive an up-front cash payment of $20 million, additional cash consideration of $10 million payable on the first anniversary of closing and $20 million payable on the second anniversary...

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