Coral & Barrick Gold

Coral Gold first worked alongside Barrick Gold at Crescent Valley, Nevada in 1997 under an exploration agreement, and again in 2006 when Barrick acquired Placer Dome Mining and thereby acquired 60% of the Cortez Mine (acquiring the remaining 40% from Rio Tinto in 2008). During that time, management teams of the two companies have developed a close working relationship, culminating in the sale of the Robertson Property to Barrick in June, 2017.

The Robertson purchase included an ongoing, sliding scale net smelter returns royalty on the property. Coral intends to work closely with Barrick going forward as new properties are explored and developed by Coral in the Crescent Valley region.

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