Core Insights - Barrick Mining Corporation has agreed to sell its Hemlo Gold Mine in Canada to Carcetti Capital Corp for gross proceeds of up to $1.09 billion, including $875 million in cash [1][9] - The divestment is expected to conclude within the fourth quarter of 2025 and aims to strengthen Barrick's balance sheet and return capital to shareholders [1][4] Company Operations - Hemlo has been operated by Barrick for over three decades, producing more than 21 million ounces of gold, with 143,000 ounces produced last year [2] - This sale marks Barrick's exit from its last operating mine in Canada, a significant region for the company, which plans to pursue new opportunities through early-stage projects and exploration targets in the country [2] Strategic Focus - Barrick has divested several non-core assets to concentrate on Tier 1 assets, including the sale of its 50% interest in the Donlin Gold Project in June 2025 and the Alturas Project in Chile, expected to close in the third quarter of 2025 [3] - Combined with the sales of Donlin and Alturas, Barrick anticipates generating over $2 billion from non-core asset divestments this year, supporting its capital allocation strategy [4] Industry Context - Among Barrick's peers, Newmont Corporation completed its non-core divestiture program in April 2025, expecting to generate $3 billion in after-tax cash proceeds from its divestiture program [5] - Kinross Gold Corporation also streamlined its portfolio through the sale of its Russian assets and other operations, resulting in a strong production profile anchored by its major assets [6] Financial Performance - Barrick's shares have gained 87.3% year to date, compared to a 101.6% rise in the Zacks Mining – Gold industry, driven by a rally in gold prices [7] - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 implies year-over-year increases of 56.4% and 21.8%, respectively, with EPS estimates trending higher over the past 60 days [10] Valuation Metrics - Barrick is currently trading at a forward 12-month earnings multiple of 12.81, which is approximately 17.8% lower than the industry average of 15.59 [11]

Group 1: Emissions and Environmental Impact - Global gold producers have reduced combined Scope 1 and 2 greenhouse-gas emissions to below 30 million tons of CO₂ equivalent in 2024, marking the lowest level in a decade [1] - Absolute emissions from the industry's top miners fell 2% year-on-year to 29.9 million tons CO₂e, representing the fourth consecutive annual decline [2] - Scope 3 emissions rose 2% to 26.2 million tons, indicating challenges in addressing downstream impacts [3] Group 2: Renewable Energy Initiatives - The report highlights renewable energy adoption, with Barrick and Newmont's Nevada joint venture commissioning a solar facility expected to cut 234,000 tons CO₂e annually [4] - AngloGold Ashanti connected its Geita mine in Tanzania to the national grid, while Kinross reduced diesel use at Bald Mountain [4] - Despite these efforts, challenges remain, as Solidcore Resources in Kazakhstan lost access to renewable power, illustrating the fragility of decarbonization pathways [4] Group 3: Energy Usage and Sustainability - Energy usage within the industry is uneven, with average intensity stable at around 9.3 gigajoules per ounce, nearly one-third higher than a decade ago [5] - Renewables supply only 10% of the sector's electricity, with the US and Australia showing promise in electrification efforts, while many African and Latin American projects still rely on fossil fuels [5] - Declining ore grades mean more rock is processed for each ounce of gold, increasing energy use, waste, and water intensity despite improvements in absolute totals [8] Group 4: Safety Performance - Safety performance has deteriorated, with fatalities across 14 analyzed companies rising to 27 in 2024, up from 24 the previous year [6] - More than half of the fatalities occurred in underground operations in Africa, where seismic events and fall-of-ground accidents are common [6] - While some companies like Northern Star and B2Gold extended their fatality-free records, eight firms reported fatalities, reversing two years of improvement [7] Group 5: Emissions from Non-Carbon Pollutants - Sulphur dioxide and nitrous oxide emissions fell 16% and 8%, respectively, indicating progress on non-carbon pollutants [8] Group 6: Industry Dynamics - The inclusion of China's Zijin Mining and Shandong among the world's top 15 producers highlights shifting dynamics, with Zijin reporting the highest single-company emissions and nearly a billion tons of waste rock [9] - Zijin also leads in socio-economic payments, reflecting Beijing's dual mandate of growth and local benefit [9]

Industry Overview - The Zacks Mining - Gold industry has experienced a 38.5% growth in gold prices this year, driven by geopolitical tensions and central bank buying [1][4] - The industry involves complex processes of gold extraction from both underground and open-pit mines, requiring significant financial resources and time [3] Major Trends - Gold prices are expected to continue rising due to a demand-supply imbalance, with central banks accumulating gold reserves [2][6] - The industry faces challenges such as high production costs and a shortage of skilled labor, prompting companies to focus on cost-reduction strategies and digital innovation [5] Demand & Supply Dynamics - Depleting resources and declining supply from old mines are significant threats, while demand from sectors like energy and technology is increasing [6] - India and China account for approximately 50% of global consumer gold demand, with strong demand expected to persist in India [6] Industry Performance - The Mining-Gold Industry has outperformed the S&P 500 Index and the Basic Material sector, with a collective gain of 67.3% compared to the sector's 6.6% and the S&P 500's 19.1% [9] - The industry currently trades at an EV/EBITDA of 9.04X, significantly lower than the S&P 500's 18.23X and the Basic Material sector's 14.11X [11] Company Highlights - **Agnico Eagle Mines (AEM)**: Focused on extending mine life and optimizing costs, with a projected 64% year-over-year earnings growth for 2025 [18][17] - **Barrick Mining (B)**: Positioned to benefit from key growth projects, with a projected 56.4% year-over-year earnings growth for 2025 [23][22] - **Newmont (NEM)**: Created an industry-leading portfolio through the acquisition of Newcrest Mining, with a projected 52% year-over-year earnings growth for 2025 [26][25] - **Franco-Nevada (FNV)**: Expected to see a 51.4% year-over-year earnings growth for 2025, focusing on cost management and a healthy portfolio of agreements [30][29] - **Kinross Gold (KGC)**: Anticipates a remarkable 103% year-over-year earnings growth for 2025, supported by strong liquidity and development projects [32][34]

Key Takeaways Barrick will sell its Hemlo mine to Carcetti Capital, generating up to $1.09 billion in proceeds.The deal includes $875M in cash, $50M in HMC shares and up to $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 ...

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 $875 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 ...

Barrick Mining Corporation (NYSE:B) announced Wednesday that it has struck a deal to divest its Hemlo Gold Mine in Ontario, Canada, in a transaction worth as much as $1.09 billion. The mine will be acquired by Carcetti Capital Corp., which plans to rename itself Hemlo Mining Corp. once the sale closes. The transaction includes upfront cash of $875 million, equity in the acquiring firm valued at $50 million, and additional gold price-linked contingent payments of up to $165 million beginning in 2027. Also ...

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 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 ...

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 (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 ...