Barrick Signs Definitive Agreement On Eskay Creek

TORONTO - Barrick Gold Corporation has entered into a definitive agreement with Skeena Resources Limited pursuant to which Skeena will exercise its option to acquire the Eskay Creek project and Barrick will waive its back-in right on the Eskay Creek project, all upon the terms and conditions set out in an amended and restated option agreement.

The transaction is expected to close in the fourth quarter of 2020, subject to customary conditions, including certain government approvals and the approval of the TSX Venture Exchange.