Bulletin: Boroo Pte. Ltd.'s Mine Acquisition Aligns With Its Growth Strategy

This report does not constitute a rating action. MEXICO CITY (S&P Global Ratings) Dec. 1, 2025--S&P Global Ratings today said that Singapore-based mining company Boroo Pte. Ltd. 's completed acquisition of the Alturas project in Chile aligns with the company's growth strategy. The acquisition was an all-cash transaction that amounted to $50 million. At this point in time, the exact amount of proven and probable gold reserves that this asset will add to annual production remains uncertain, given the project is at a preliminary economic evaluation stage to advance to pre-feasibility studies. Boroo's current gold production is between 250,000 and 270,000 ounces on a consolidated basis. However, this acquisition advances the company's goal of diversifying geographically. As of today, Boroo's

...December 1, 2025 This report does not constitute a rating action. MEXICO CITY (S&P Global Ratings) Dec. 1, 2025--S&P Global Ratings today said that Singapore- based mining company Boroo Pte. Ltd.'s completed acquisition of the Alturas project in Chile aligns with the company's growth strategy. The acquisition was an all-cash transaction that amounted to $50 million. At this point in time, the exact amount of proven and probable gold reserves that this asset will add to annual production remains uncertain, given the project is at a preliminary economic evaluation stage to advance to pre-feasibility studies. Boroo's current gold production is between 250,000 and 270,000 ounces on a consolidated basis. However, this acquisition advances the company's goal of diversifying geographically. As of today, Boroo's revenue stems from Mongolia, with three operating assets, while one asset, the Lagunas Norte mine, is in Peru. The Peruvian mine is Boroo's main revenue generator at 70%-75% of consolidated...

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