Barrick Gold Corporation recently announced the signing of a precious metals streaming agreement with Royal Gold, a smart move given the weak gold pricing environment and the company’s heavy debt burden. Barrick will receive an upfront payment of $610 million from Royal Gold in exchange for rights to purchase a portion of the gold and silver produced at the Pueblo Viejo gold mine. The signing of the streaming agreement with Royal Gold is a part of Barrick’s ongoing efforts to reduce its debt burden.
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