What Boroo does

Boroo Pte. Ltd. is a privately-held, Singapore-incorporated investment holding company that acquires, operates, and develops gold (and selectively copper) mining properties across multiple jurisdictions. As of the available data, the company operates four producing gold mines — Lagunas Norte in Peru (acquired from Barrick Gold in June 2021 and carrying a declared NI 43-101 mineral reserve of 4.0 million ounces of contained gold) and Boroo, Ulaanbulag, and ATO in Mongolia (which together produced 76,059 ounces of gold in 2025). It also holds development-stage projects at Alturas in Chile (acquired from Barrick in November 2025 for US$50 million plus a net smelter return royalty) and Tres Cruces in Peru, and as of April 2026 is in exclusivity to potentially acquire the Eagle Gold Mine in Yukon, Canada.

The company's operating model centers on acquiring long-life, geographically diversified mining assets — often divested by or in distress at major producers — and applying operational turnaround, reserve declaration, and infrastructure buildout (for example, the CMOP Cerro Mayo Oxidation Plant Phase 1 at Lagunas Norte, with Golder Associates as engineering partner) to enhance returns. Boroo executes through core operating subsidiaries such as Minera Boroo Misquichilca S.A. in Peru, supported by Singapore-headquartered corporate, investor relations, and ESG functions.

Revenue is generated by selling gold production into global commodity markets and precious-metals trading channels (including via the Singapore Bullion Market Association, of which Boroo is a member), with realized pricing tied to prevailing gold market prices rather than disclosed contractual pricing. Customer concentration is structurally low given commodity-market distribution, but revenue is fully exposed to gold price volatility. The company is led by CEO Dulguun Erdenebaatar, with SEVP Stephen Crosby and Advisory Board Vice Chairman Nelson Pizarro, and operates with a headcount of approximately 101–250 employees.

Name

Boroo

Legal name

Boroo Pte. Ltd.

Website

https://boroomc.com.sg

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Boroo Pte. Ltd. is a Singapore-incorporated private holding company that acquires, operates, and develops gold mines across Peru, Mongolia, Chile, and potentially Canada, generating revenue through gold sales into global commodity markets from a portfolio of four producing mines and development projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Revenue model

1. Gold Mining Operations: Boroo generates revenue through the production and sale of gold from its mining operations. The company owns and operates gold mines in Peru and Mongolia, producing gold for global markets.

Distribution channels1 record

Marketing channels3 records

Core offering

Boroo Pte. Ltd. is a Singapore-domiciled private investment holding company that acquires, develops, and operates gold mining assets. The company produces gold from operating mines in Mongolia and Peru and holds development-stage projects in Chile and Peru.

Product overview

Boroo Pte. Ltd. is a private investment holding company that operates as a unified portfolio of gold mining assets. The company operates a platform of producing mines (Lagunas Norte in Peru, Boroo, Ulaanbulag, and ATO in Mongolia) and development projects (Alturas in Chile and Tres Cruces in Peru), organized to invest in and enhance returns from long-lived, geographically diverse gold and copper mining businesses across Central Asia and South America.

Differentiator

Problem solved

Functional benefit

Products and services

• Boroo Gold Mine

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Barrick Gold CorporationcoreStrategic or Co-development PartnerBoroo acquired the Lagunas Norte mine in Peru from Barrick Gold Corporation in 2021. The mine has produced over 10 million ounces of gold since 2005. Barrick later sold the Alturas Project in Chile to Boroo for $50 million including a net smelter return royalty.
• PricewaterhouseCoopers (PwC)minorStrategic or Co-development PartnerPwC is the court-appointed receiver of Victoria Gold. Boroo entered a 90-day exclusivity agreement with PwC to potentially acquire the former Eagle Mine site in Yukon, Canada. Boroo will conduct due diligence and negotiate sale terms while engaging with the Yukon government and the First Nation of Na-Cho Nyäk Dun.
• Steppe Gold Ltd.minorStrategic or Co-development PartnerSteppe Gold sold its Tres Cruces Oxide Project in Peru to Minera Boroo Misquichilca S.A. The transaction valued at approximately CAD $12 million was completed on August 1, 2024, with final payment received on February 10, 2026. Boroo Pte Ltd. served as guarantor for the transaction.
• Golder AssociatesminorImplementation/ SI/ Consulting PartnerBoroo signed Basic and Detailed Engineering agreements for CMOP (Cerro Blanco heap leach project) with Golder Associates, indicating a consulting/implementation partnership for mine development.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IAMGOLD: Mid-tier gold miner with producing assets in West Africa and Canada. Comparable for similar multi-jurisdictional, multi-asset operating model and approximate production scale.
• Steppe Gold: Mongolia-focused gold producer that has transacted with Boroo (selling Tres Cruces Oxide Project). Highly comparable given shared Mongolian operating geography and similar mid-tier gold-mining scale.
• Victoria Gold: Mid-tier Canadian gold producer whose Eagle Gold Mine is the subject of Boroo's exclusivity agreement. Comparable as a single-jurisdiction mid-tier gold operator and direct M&A target reference.
• Argonaut Gold: Mid-tier multi-asset gold producer with operations across North America. Comparable as a similarly sized, multi-jurisdiction gold platform pursuing production growth through asset acquisition and development.
• Alamos Gold: Mid-tier gold producer with assets in Mexico, Canada, and the United States. Comparable for the multi-jurisdiction, multi-mine platform model and similar mid-tier market positioning.
• Equinox Gold: Multi-asset gold producer with operations across the Americas. Comparable for its portfolio approach to gold mining and Latin American operating exposure that mirrors Boroo's Peru/Chile footprint.

Broad incumbents

• Endeavour Mining: Larger mid-tier gold producer with West African operating focus. Comparable in operating model (multi-asset, mid-tier) but larger in scale and concentrated in a different geography.
• Centerra Gold: Canadian mid-major gold producer that divested its Mongolian business unit (acquired by OZD Group). Comparable for mid-tier gold producer profile and relevance to Boroo's Mongolian asset base.
• Eldorado Gold: Mid-tier gold producer with assets in Turkey, Greece, and Canada. Comparable as a multi-jurisdiction mid-tier operator, though larger and more geographically diversified than Boroo.

Emerging players

• K92 Mining: Smaller-scale gold producer with a single operating asset in Papua New Guinea. Comparable as a growth-oriented mid-tier gold producer, though at a smaller scale than Boroo's four-mine platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/minera-boroo-misquichilca

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boroo