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Barrick Hands Hemlo Gold Mine To New Owner In $1.09 Billion Deal - Barrick Mining (NYSE:B)
Barnes Barnes (US:B) Benzinga·2025-09-11 20:06

Barrick Mining Corporation B announced Wednesday that it has struck a deal to divest its Hemlo Gold Mine in Ontario, Canada, in a transaction worth as much as 1.09billion.TheminewillbeacquiredbyCarcettiCapitalCorp.,whichplanstorenameitselfHemloMiningCorp.oncethesalecloses.Thetransactionincludesupfrontcashof1.09 billion.The mine will be acquired by Carcetti Capital Corp., which plans to rename itself Hemlo Mining Corp. once the sale closes.The transaction includes upfront cash of 875 million, equity in the acquiring firm valued at 50million,andadditionalgoldprice−linkedcontingentpaymentsofupto50 million, and additional gold price-linked contingent payments of up to 165 million beginning in 2027.Also Read: San Fr ...