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Barrick sells Hemlo Gold mine for $1.1 billion
MINING.COM·2025-09-11 22:14

Hemlo gold mine in Ontario. (Image courtesy of Barrick Gold.) Barrick Mining (NYSE: B; TSX: ABX) has agreed to sell its last operating gold mine in Canada, marking a significant milestone as the company shifts its focus toward copper.The Hemlo Gold Mine in Ontario will be sold to Carcetti Capital Corp. for 875millionincashand875 million in cash and 50 million worth of Carcetti shares. An additional $165 million in contingent payments could be triggered depending on future gold prices. The sale is expected to close in the fo ...