Japan Gold said it and Barrick Mining have mutually agreed to end their strategic alliance agreement, effective October 31, 2025.
The alliance was established in 2020 with the aim of jointly exploring, developing and mining certain gold mineral properties and projects in Japan, which have the potential to host Tier 1 or Tier 2 gold deposits.
“Barrick’s involvement with Japan Gold over the last five years reflects the growing international interest in Japan as an emerging country with the potential for the discovery of new gold deposits, and we thank Barrick for their participation in this journey,” said John Proust, chairman and CEO of Japan Gold.
“Japan Gold remains well-funded and committed to advancing its projects, and the geological prospectivity of Japan remains unchanged. With full operational control, our experienced management team is well-positioned to prioritize our high-potential assets and implement a tailored exploration strategy.”
Japan Gold will continue to advance two district-scale areas in Kyushu and Hokkaido, as well as several individual projects, including the former Barrick Alliance projects Hakuryu, Togi and Ebino, independently or through new joint ventures or partnerships.
Source: Japan Gold