# Barrick completes sale of 50% stake in Veladero mine to Shandong Gold for $960M

Barrick Gold Corporation completed the sale of a 50 percent interest in the Veladero Mine in San Juan, Argentina to Shandong Gold Mining Co., Ltd for $960 million, forming a 50/50 joint venture.

- Type: Acquisition
- Announced: 2017-07-12
- Where: San Juan province, Argentina, Argentina
- Value: $960.0M
- Status: completed
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Barrick Gold](https://endata.com/companies/12881.md)
- [Shandong Gold Mining Co., Ltd](https://endata.com/companies/25539.md) (acquirer)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/barrick_and_shandong_complete_formation_of_joint_venture_at_veladero_mine_a), 2017-07-12: "Barrick Gold Corporation has completed the sale of a 50 percent interest in the Veladero Mine in San Juan province, Argentina to Shandong Gold Mining Co., Ltd, for $960 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.