Nevada Gold Mines Agrees to Sell Royalty Portfolio to Gold Royalty Corp. for Total Consideration of $27.5 Million

All amounts expressed in US dollars

Nevada Gold Mines' ("NGM" or the "Company") today announced that it has entered into a definitive agreement to sell a portfolio of royalties (the "Portfolio") to Gold Royalty Corp. ("Gold Royalty") for $27.5 million.

The Portfolio consists of three royalties on the production of minerals from the Granite Creek and Bald Mountain projects located in the State of Nevada. The total consideration of $27.5 million will be satisfied through the issuance by Gold Royalty of 9,393,681 common shares (the "Consideration Shares"). Upon closing, NGM is expected to hold approximately 7.0% of the issued and outstanding shares of Gold Royalty on a pro forma basis.

About Nevada Gold Mines
Nevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined their significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.

Enquiries:

Barrick COO North America
Christine Keener
+1-865-209-0781
Email: christine.keener@barrick.com
NGM Executive Managing Director
Greg Walker
+1 702 526 3194
Email: gwal ker@ne vadagoldmines.com
Barrick Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to Barrick's or NGM's strategy, projects, plans, or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "will", "expected" and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect the issuance of the Consideration Shares to NGM and NGM's expected shareholding position in Gold Royalty following the closing of the transaction.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick and NGM as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold or certain other commodities; the speculative nature of mineral exploration and development; changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States and other jurisdictions where Barrick operates; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; litigation and legal and administrative proceedings; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's or NGM's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ABX:CA
The Conversation (0)
Two people shaking hands over a desk with documents and a notebook.

CMOC to Acquire Equinox Gold’s Brazilian Assets for US$1.015 Billion

China’s CMOC Group (OTC Pink:CMCLF) has agreed to buy a portfolio of gold assets in Brazil from Canada’s Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) for US$1.015 billion.CMOC said Monday (December 15) that it will acquire 100 percent of Equinox Gold’s Brazilian operations, comprising the Aurizona... Keep Reading...
Brixton Metals Reports the Balance of its 2025 Drill Results at the Trapper Gold Target

Brixton Metals Reports the Balance of its 2025 Drill Results at the Trapper Gold Target

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce updated and complete assay results from the Trapper Gold Target at its wholly owned Thorn Project in northwestern British Columbia. This release includes multi-element results for all... Keep Reading...
Walker Lane Announces Board Update

Walker Lane Announces Board Update

TSX-V: WLR Frankfurt: 6YL Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL) "Walker Lane") announces the resignation of John Land as a Director of the Company and the appointment of Mr. Kevin Brewer, Director and CEO as interim Chairman of the Board. The Board wishes to thank Mr.... Keep Reading...
Centurion Minerals Ltd. Provides Status Report of Annual Financial Statements and MD&A

Centurion Minerals Ltd. Provides Status Report of Annual Financial Statements and MD&A

Centurion Minerals Ltd. (TSXV: CTN) ("Centurion" or the "Company") provides this bi-weekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").The Company previously announced on November... Keep Reading...
Peter Grandich, gold bars.

Peter Grandich: Gold, Silver, Copper in 2026, Plus My Strategy Now

Peter Grandich of Peter Grandich & Co. shares his key takeaways on the resource sector in 2025, as well as his investing strategy for 2026. In his view, capital preservation — not appreciation — will be most important.Don't forget to follow us @INN_Resource for real-time updates!Securities... Keep Reading...
Two gold bars on a bed of gold nuggets.

Top 5 Gold News Stories of 2025

2025 was a watershed year for gold, which set new highs as its safe-haven appeal increased. As global uncertainty intensified, the metal began to receive mainstream attention as a standout asset. With the year set to mark one of gold’s strongest annual performances in decades, it’s a fitting... Keep Reading...

Latest Press Releases

Related News