Barrick Completes Hemlo Transaction

Core Points - Barrick Mining Corporation has completed the divestiture of the Hemlo Gold Mine to Carcetti Capital Corp. for a total consideration of up to $1.09 billion, which includes $875 million in cash and $50 million in shares, along with a contingent cash payment structure of up to $165 million starting in January 2027 [1][4] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, including six Tier One gold mines, operating in 18 countries across five continents [3] - The company is recognized as the largest gold producer in the United States and aims to create long-term value for stakeholders through responsible mining and strong partnerships [3]