Barrick completes sale of Hemlo Gold Mine to Carcetti Capital

Core Points - Barrick Mining has completed the sale of the Hemlo Gold Mine in Canada to Carcetti Capital for a total value of up to $1.09 billion, which includes $875 million in cash, $50 million in shares, and potential future payments linked to production and gold prices [1][2][3] - The sale is part of Barrick's strategy to focus on its Tier One gold and copper portfolio, with total gross proceeds from divestments of non-core assets this year expected to exceed $2 billion [2][3] - Barrick continues to prioritize Canada as a key jurisdiction, maintaining a portfolio of promising early-stage projects and exploration targets [4] Recent Developments - Barrick has reached an agreement with the Government of the Republic of Mali to resolve disputes related to the Loulo and Gounkoto mines, which includes dropping all charges against Barrick and initiating legal steps for the release of detained employees [5]