Barrick completes $1.09 billion sale of Hemlo gold mine to Carcetti
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Barrick Completes Hemlo Transaction
November 26, 2025 4:41 PM ESTAll amounts expressed in U.S. dollars
TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE: B)(TSX: ABX) (Barrick or the Company) announced today that it has completed the divestiture of the Hemlo Gold Mine (Hemlo) in Canada to Carcetti Capital Corp., to be renamed to Hemlo Mining Corp. (HMC), for a total consideration of up to $1.09 billion, inclusive of $875 million in cash received on closing, $50 million in HMC shares received on closing, and a production and tiered gold price-linked cash payment structure of up to $165 million... More
