Wednesday, October 15, 2025

Barrick Enters Earn-In Arrangement With Precipitate Gold

Barrick Gold Corp (TSX: ABX) (NYSE: GOLD) is looking to expand its land holdings. The company announced this morning that it has entered into an earn-in agreement with Precipitate Gold Corp (TSXV: PRG) for the firms Pueblo Grande project in the Dominican Republic.

Under the terms of the arrangement, Barrick has entered into an agreement to acquire up to a 70% stake in Precipitate’s gold project. While classified as an earn-in agreement, the details of such agreement were not provided.

In connection with the earn-in agreement, Barrick has also subscribed for subscription receipts in Precipitate at a price of $0.11 per unit, for a total sum of just under $1.4 million. 12,713,636 common shares of Precipitate will be issued to Barrick in connection with the transaction, resulting in Barrick owning a 12..02% stake in the exploration firm.

The Pueblo Grande project is significant for Barrick in that it surrounds its Pueblo Viejo joint venture mine, which is one of the top 5 largest gold mines in the world and the largest active gold mine in South America. Over 200 historic drill holes have occurred on the property, totaling over 29,500 meters. New drilling on site was expected to commence in the first quarter of 2020.

Barrick Gold last traded at $24.37 on the NYSE.


Information for this briefing was found via Sedar and Barrick Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

2 Responses

  1. Here we go:

    Gold to $2100. Followed by a bunch you tools saying its going to $50,000 as we watch it drop back down to $1400.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Silver47 Hits 640 g/t Silver Equivalent Over 6.9 Metres At Red Mountain

Related News

Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd

Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district....

Thursday, August 6, 2020, 09:47:01 AM

X-Terra Resources Closes “Strategic” Financing At 50% Discount To Market Price

X-Terra Resources Inc (TSXV: XTT) announced this evening that it has closed a “strategic” private...

Friday, August 7, 2020, 05:14:14 PM

Karora Resources Produces 29,831 Gold Ounces, Posts $69.6 Million In Revenue For Q2 2021

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q2...

Monday, August 9, 2021, 08:38:08 AM

Gold Rallies Amid Russian-Ukraine Tensions

Gold has been relishing a strong rally as of recent, as global markets continue to...

Thursday, February 17, 2022, 03:40:00 PM

Arizona: A Resurgence of Gold Exploration

Arizona has a history of mining extending back to the 18th century. The Spanish, who...

Saturday, October 17, 2020, 08:30:00 AM