Barrick Mining to Sell Hemlo, Expects Proceeds of More Than $1.09B
Key Takeaways Barrick will sell its Hemlo mine to Carcetti Capital, generating up to 875M in cash, 165M in future payments.Proceeds support balance sheet strength and capital returns as Barrick divests non-core assets.Barrick Mining Corporation (B) has announced an agreement to divest its Hemlo Gold Mine in Canada to Carcetti Capital Corp., which is to be renamed Hemlo Mining Corp. (“HMC”) upon the closing of this transaction.The sal ...