Barrick Mining Completes Sale of Hemlo to Strengthen Balance Sheet
Barnes Barnes (US:B) ZACKS·2025-11-27 23:41

Key Takeaways B completed sales of the Hemlo Mine and Alturas Project, marking major non-core divestitures.The Hemlo deal totals 1.09Bwithcash,sharesandfuturegoldpricelinkedpayments.Alturassaleadds1.09B with cash, shares and future gold price-linked payments.Alturas sale adds 50M upfront and a 0.5% royalty, supporting balance-sheet strength and capital returns.Barrick Mining Corporation (B) successfully completed its divestiture of the Hemlo Gold Mine in Canada to Carcetti Capital Corp. The consideration totaled 1.09billion,including1.09 billion, including 875 million in cash, $50 million i ...