Barnes (US:B) ZACKS·2025-12-02 14:00Core Insights - Barrick Mining Corporation has completed the divestment of Hemlo Gold Mine in Canada to Carcetti Capital Corp. for a total consideration of up to $1.09 billion, marking the end of a successful chapter at Hemlo [1][9] - The consideration includes $875 million in cash, $50 million in Hemlo Mining Corp. shares, and a tiered cash payment structure linked to gold prices, potentially reaching up to $165 million starting January 2027 for five years [1][2] Company Strategy - Hemlo was Barrick's last operating mine in Canada, and its closure allows the company to focus on upcoming opportunities through early-stage projects and exploration targets in the region [2] - Barrick has been divesting non-core assets to sharpen its focus on Tier 1 assets, having previously sold the Alturas Project in Chile and its 50% interest in the Donlin Gold Project in Alaska [3][9] - The proceeds from these non-core asset sales will support Barrick's capital allocation strategy, aimed at reinforcing its balance sheet and financing key growth initiatives [5][9] Market Performance - Barrick's shares have increased by 173.2% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 138.9%, driven by a rally in gold prices [8] - The company is currently trading at a forward 12-month earnings multiple of 12.84, which is approximately 4.3% lower than the industry average of 13.42 [10] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 indicates a year-over-year increase of 78.6% and 47.2%, respectively, with EPS estimates trending higher over the past 60 days [11]