All amounts expressed in US dollars
ELKO, Nev., Sept. 28, 2022 (GLOBE NEWSWIRE) — Nevada Gold Mines (“NGM” or the “Company”) today announced the closing of its previously announced sale of a portfolio of royalties to Gold Royalty Corp. (“Gold Royalty”) for $27.5 million, satisfied through the issuance by Gold Royalty to NGM of 9,393,681 common shares. NGM currently owns approximately 6.5% of the issued and outstanding shares of Gold Royalty.
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.
Barrick COO North America
+1 865 209 0781
NGM Executive Managing Director
+1 702 526 3194
Barrick Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738