As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 million to be paid in cash if and when Barrick adds an additional 12 million oz. of contained gold resources to the Dec. 31, 2007, reserve statement for Cortez. An article last week incorrectly stated the figure as 2 million oz.
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