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Barrick Hands Hemlo Gold Mine To New Owner In $1.09 Billion Deal - Barrick Mining (NYSE:B)
Benzinga· 2025-09-11 12:06
Core Viewpoint - Barrick Mining Corporation has announced the divestment of its Hemlo Gold Mine in Ontario for a total transaction value of up to $1.09 billion, which includes various payment structures aimed at enhancing its financial position and shareholder returns [1][3][5]. Group 1: Transaction Details - The deal consists of an upfront cash payment of $875 million, equity in the acquiring firm valued at $50 million, and contingent payments linked to gold prices that could reach up to $165 million starting in 2027 [1][3]. - The buyer, Carcetti Capital Corp., plans to rebrand as Hemlo Mining Corp. after the acquisition [1][2]. Group 2: Management and Support - Hemlo Mining Corp. will be led by Robert Quartermain, who has significant experience in the mining sector and historical ties to the Hemlo deposit [2][3]. - The venture is backed by major resource-focused investors, including Wheaton Precious Metals and Orion Mine Finance Management [3]. Group 3: Strategic Implications - The sale is part of Barrick's broader strategy to streamline its portfolio, with total proceeds from recent asset divestments expected to exceed $2 billion this year [4]. - Barrick's president and CEO, Mark Bristow, emphasized the disciplined focus on enhancing value through a Tier One gold and copper portfolio [5]. Group 4: Next Steps and Market Reaction - The transaction is anticipated to close in the fourth quarter of 2025, subject to regulatory approvals [6]. - Following the announcement, Barrick's B shares experienced a slight decline of 0.61%, trading at $29.30 [6].
Gold Prices At Highs. This Giant Just Sold Its Last Canadian Mine For $1 Billion
Investors· 2025-09-11 11:54
Gold Miners Top List Of Best Growth Stocks To Buy And Watch: See New Stocks Just Added To IBD 50, Big Cap 20, More 8/21/2025Here are today's top growth stocks like gold miner Barrick Mining that have just been added to the IBD stock... BREAKING: Futures Rise After Oracle Fuels AI Rally Gold prices dipped slightly Thursday, but remain close to record high continuing its strong run in recent years. Barrick Mining (B) announced late Wednesday it is selling it's last active gold mine in the country. Barrick Min ...
巴里克矿业(B.US)以10.9 亿美元价格出售加拿大 Hemlo 金矿
Zhi Tong Cai Jing· 2025-09-11 10:53
总收益包括8.75亿美元的现金对价,总价值5000万美元的HMC股票,以及从2027年1月开始为期五年的 生产和分层黄金价格挂钩的现金支付结构,最高可达1.65亿美元。 该交易预计将于2025年第四季度完成。 巴里克总裁兼首席执行官Mark Bristow表示:"以具有吸引力的估值出售海姆罗矿,标志着巴里克在该 矿漫长而成功的篇章告一段落,并突显出我们对通过一级黄金和铜投资组合创造价值的严谨关注。" 巴里克矿业(B.US)将以高达10.9亿美元的价格将加拿大Hemlo金矿出售给Carcetti Capital。 ...
Barrick Mining sells Hemlo Gold Mine in Canada for up to $1.09 billion (NYSE:B)
Seeking Alpha· 2025-09-11 06:40
Barrick Mining (TSX:ABX:CA) (NYSE:B) to sell the Hemlo Gold Mine in Canada to Carcetti Capital for up to $1.09 billion. The gross proceeds consist of cash consideration of $875 million, HMC shares with an aggregate value of $50 million, and a production and tiered ...
Barrick Announces Sale of Hemlo for Up To $1.09 Billion
Globenewswire· 2025-09-10 23:47
Core Viewpoint - Barrick Mining Corporation has agreed to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corp. for gross proceeds of up to $1.09 billion, which will enhance Barrick's balance sheet and support its commitment to return capital to shareholders [1][2]. Group 1: Transaction Details - The sale includes cash consideration of $875 million due at closing, shares valued at $50 million, and a tiered cash payment structure linked to gold prices, potentially totaling up to $165 million over five years [7][8]. - HMC, the acquiring company, is expected to graduate to the TSX Venture Exchange and is backed by experienced management and a consortium of investors focused on North American resource development [1][3]. Group 2: Strategic Implications - The sale is part of Barrick's strategy to focus on its Tier One gold and copper portfolio, with total gross proceeds from non-core asset divestments in 2025 expected to exceed $2 billion [2][3]. - Barrick remains committed to exploring and developing world-class gold and copper mines in Canada, maintaining a strong presence in the region [4]. Group 3: Future Outlook - The transaction is anticipated to close in the fourth quarter of 2025, subject to customary conditions and regulatory approvals [4]. - Barrick's ongoing focus on strengthening its balance sheet and returning capital to shareholders is emphasized as a key aspect of its capital allocation framework [2].
Should You Buy Barrick Mining Stock After a 28% Rally in a Month?
ZACKS· 2025-09-10 15:15
Core Viewpoint - Barrick Mining Corporation's shares have increased by 27.6% in the past month, primarily due to rising gold prices amid geopolitical and trade uncertainties [1][6] Performance Comparison - Barrick has outperformed the Zacks Mining – Gold industry's increase of 14.3% and the S&P 500's rise of 2.5% in the same period [2] - Competitors such as Newmont Corporation, Kinross Gold Corporation, and Agnico Eagle Mines Limited have seen gains of 10.2%, 17%, and 12.7%, respectively [2] Technical Analysis - Barrick's stock has surpassed its 50-day simple moving average (SMA) and is trading above its 200-day SMA, indicating a long-term uptrend [3][4] Growth Projects - Key growth projects, including Goldrush, Pueblo Viejo plant expansion, Fourmile, Lumwana Super Pit, and Reko Diq, are on track to enhance production [9] - The Goldrush mine aims for 400,000 ounces of annual production by 2028, while the Fourmile project is expected to yield double the grades of Goldrush [10] - The Reko Diq project in Pakistan is projected to produce 460,000 tons of copper and 520,000 ounces of gold annually by the end of 2028 [10] Financial Position - Barrick maintains a strong liquidity position with cash and cash equivalents around $4.8 billion and operating cash flows of approximately $1.3 billion, up 15% year over year [12] - The company returned $1.2 billion to shareholders in 2024 through dividends and repurchases, with a new share repurchase program authorized for up to $1 billion [12] Gold Price Dynamics - Gold prices have surged 39% this year, driven by trade tensions, expectations of a Federal Reserve rate cut, and increased central bank purchases [14] - Current gold prices have exceeded $3,600 per ton for the first time, contributing to strong profit margins for Barrick [14] Dividend and Valuation - Barrick offers a dividend yield of 2.1% with a payout ratio of 25%, indicating sustainability [15] - The stock is trading at a forward price/earnings ratio of 12.84X, which is a 15.6% discount to the industry average [20] Production Outlook - Barrick expects attributable gold production of 3.15-3.5 million ounces for 2025, a decline from 3.91 million ounces in 2024, primarily due to the suspension of operations at the Loulo-Gounkoto mine [18] - Higher production costs, with cash costs per ounce increasing by 17% and all-in-sustaining costs (AISC) rising by 12% year over year, may impact margins [16][17] Earnings Estimates - Earnings estimates for Barrick have been revised upward, with a projected year-over-year rise of 56.4% for 2025 and 21.8% for 2026 [19] Investment Case - Barrick presents a strong investment case with a solid pipeline of growth projects, healthy financials, and rising gold prices, although high costs and a downbeat production outlook warrant caution [23]
Johnson Fistel Investigates Barnes & Noble Education, Inc. Over Accounting Irregularities and Financial Restatement
Globenewswire· 2025-09-08 18:00
SAN DIEGO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims for investors of Barnes & Noble Education, Inc. (“Barnes & Noble”) (NYSE: BNED) over possible violations of federal securities laws. What if I purchased Barnes & Noble securities?Shareholders who suffered losses and want to determine eligibility for the potential class action or recovery of losses should follow the link:https://www.johnsonfistel.com/investigations/barnes-noble-inc/ For more information, cont ...
Barrick Mining: Still Trading At A Discount
Seeking Alpha· 2025-09-04 01:21
Core Viewpoint - The stock price of Barrick (NYSE: B) has increased from approximately $20.46 to the $25.5-26 range within a month, indicating a positive market response and potential for further growth [1]. Company Analysis - Barrick's stock was previously rated as a Strong Buy, reflecting strong investor confidence and expectations for future performance [1]. - The increase in stock price represents a significant appreciation, showcasing the company's solid long-term potential in the market [1]. Investor Insights - The analysis is provided by an individual investor with over five years of personal investing experience and a PhD in Economics, emphasizing a focus on value companies [1]. - The insights shared aim to support individual investors in making informed decisions based on thorough analysis [1].
Barrick Mining's Gold Sales Volumes Rebound: Will It Sustain in Q3?
ZACKS· 2025-09-01 13:25
Core Insights - Barrick Mining Corporation experienced a 3% sequential growth in gold sales volumes in Q2 2025, reaching 770,000 ounces, reversing a 22% decline from the previous quarter [1][7] - The increase in sales volumes led to an 18% rise in revenues and a 71% increase in net earnings, along with a $117 million boost in operating cash flows [2][7] - Barrick's gold production also rose by 5% sequentially to 797,000 ounces, with expectations of continued production momentum in the second half of 2025 [3][7] Sales and Production Performance - Barrick's gold sales volumes increased sequentially, contrasting with major peers like Newmont Corporation, which saw an 11% year-over-year decline in gold sales volumes [4] - Agnico Eagle Mines Limited reported a 3% year-over-year decline in gold sales volumes but achieved higher profits in the same quarter [5] Financial Metrics and Valuation - Barrick's shares have appreciated by 71.8% year-to-date, while the Zacks Mining – Gold industry has risen by 85.5% [6] - The Zacks Consensus Estimate predicts a year-over-year earnings rise of 56.4% for 2025 and 21.8% for 2026, with EPS estimates trending higher over the past 60 days [8] - Barrick is currently trading at a forward 12-month earnings multiple of 11.78, which is approximately 18% lower than the industry average of 14.37 [9]
Barrick Mining: Turnaround Thesis Remains Intact
Seeking Alpha· 2025-08-25 15:14
Core Insights - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] Group 1 - The research ranks miners to assist investors in identifying the most undervalued opportunities [1] - Subscribers receive access to current portfolios and real-time buy/sell alerts [1] - The article emphasizes the importance of positioning in the mining sector to capitalize on potential growth [1]