Teck’s Hidden Royalty on Barrick’s Fourmile Gold Project Could Slash IPO Valuation

Teck Resources (TSX: TECK.b) holds a previously undisclosed royalty on Barrick Mining’s (TSX: ABX) Fourmile gold project in Nevada, a stake that could be worth billions and may dent the valuation of Barrick’s planned North American IPO, according to documents reviewed by industry sources. The royalty agreement, filed in Nevada’s Eureka County in 2011, grants […] The post Teck’s Hidden Royalty on Barrick’s Fourmile Gold Project Could Slash IPO Valuation appeared first on the deep dive.