Barrick Sells Peru Gold Concession for $30K, NSR Deal Boosts Value Stock Case
B•Barrick sold its Lily 19 concession within Peru’s Ccasahuasi project to Silver X for $30,000 cash plus an NSR royalty with buyback, transferring 1.4Mt inferred at 0.936g/t gold (42,303 oz). Zacks Style Scores classify Barrick as a strong value stock, implying it could outperform market benchmarks.
1. Divestiture Details
Barrick Mining has agreed to sell the Lily 19 concession at the Ccasahuasi gold project in Huancavelica, Peru, to Silver X for $30,000 in staged cash payments and a net smelter return royalty with a partial buyback option. The concession covers an inferred resource of 1.4 million tonnes at 0.936 g/t gold (42,303 ounces), defined by 903.5m of diamond drilling in four holes and remaining open at depth and along strike.
2. Zacks Value Ranking
Following the divestiture, Barrick's equity is rated as a strong value stock by Zacks Style Scores, which assess companies on metrics such as value, growth, momentum, and profitability. This classification suggests that Barrick may be undervalued relative to peers and could attract investors seeking market-beating returns based on fundamental stock quality indicators.
