Barrick Mining has signed an agreement to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corporation for up to $1.09bn (C$1.51bn). The divestment is part of Barrick's strategy to strengthen its balance sheet and enhance shareholder returns. Carcetti Capital Corporation will be renamed Hemlo Mining Corporation (HMC) upon completion of the transaction. The sale agreement comprises a cash consideration of $875m due upon closing, and HMC shares valued at$50m to be issued to Barrick at the same pric ...