The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: B) is coming to an end after more than five years and C$23 million ($17 million) in spending.
Vancouver-based Japan Gold announced that the parties have agreed to mutually terminate their partnership, effective as of Oct. 31, 2025.
Established in February 2020, the Japan Gold-Barrick alliance was formed to explore, develop and mine certain mineral properties that it believes have the potential to host Tier 1 or 2 gold deposits. The former would provide a large selection of projects under its Japan-based portfolio, while the latter would sole fund the initial work supporting the projects’ evaluation.
To date, Barrick has invested approximately C$23.2 million into the alliance, primarily to create a comprehensive geochemical and geophysical database covering most of Japan Gold’s mineral rights covering 3,000 sq….
