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Barrick buys 20% of Idaho-focused Midas Gold

Barrick Gold (TSX: ABX) has agreed to buy an almost 20% stake in Midas Gold (TSX: MAX) for just over US$38 million, giving the world’s largest gold mining company access to an open-pit project in Idaho with both compelling production and exploration prospects.

Barrick buys 20% of Idaho-focused Midas Gold Barrick buys 20% of Idaho-focused Midas Gold Barrick buys 20% of Idaho-focused Midas Gold Barrick buys 20% of Idaho-focused Midas Gold Barrick buys 20% of Idaho-focused Midas Gold

Stibnite, in the mountains of central Idaho, is about 10 miles from historic Yellow Pine

Midas' sole focus is the Stibnite gold project in central Idaho, a historic mining area that was abandoned in the 1990s after 100 years of activity, and which the Vancouver-headquartered company's

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