Barrick Gold Secures Major Exploration Stake in Canadian Gold District

As gold prices reach unprecedented levels in 2025, the world’s largest gold producer Barrick has finalized a multi-million dollar exploration agreement that positions the company to acquire a substantial interest in a promising gold property. The strategic move involves the Lewis gold project located within Quebec’s prolific Abitibi district, with Barrick committing to significant exploration expenditures to secure up to 75% ownership over time.

On Monday, November 17, 2025, Barrick formalized its partnership with Midland Exploration through a phased acquisition arrangement. The initial phase requires Barrick to invest $3 million in exploration activities and make a $250,000 cash payment by the end of 2028 to earn a 51% interest in the Lewis gold project. Following this Read more...