Nevada Gold Mines Closes Previously Announced Sale of Royalty Portfolio to Gold Royalty Corp.
NEVADA GOLD MINES LLC
1655 Mountain City Hwy
Elko, Nevada 89801
www.nevadagoldmines.com
PRESS RELEASE
a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%), operated by Barrick
All amounts expressed in US dollars
Nevada Gold Mines Closes Previously Announced Sale of Royalty
Portfolio to Gold Royalty Corp.
Elko, Nevada, September 28, 2022 – 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.
Enquiries:
Barrick COO North America
Christine Keener
+1 865 209 0781
NGM Executive Managing Director
Greg Walker
+1 702 526 3194
Barrick Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Website: www.barrick.com