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Barrick closes acquisition of Coral's Robertson property in Nevada

Coral Gold Resources Ltd. said June 8 that the sale of its Robertson gold property in Nevada to a Barrick Gold Corp. unit has closed, about a year after it was first announced.

The asset was sold to Barrick Cortez Inc. for US$15.75 million, with Coral Gold retaining a sliding scale 1% to 2.25% net smelter royalty.