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News  ›  GlobeNewswire Inc.

Barrick Completes Hemlo Transaction

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Barrick Mining Corporation
Barrick Completes Hemlo Transaction

Barrick Mining Corporation sold the Hemlo Gold Mine to Carcetti Capital Corp. for up to $1.09 billion, including $875 million cash, $50 million in shares, and potential additional payments based on gold price performance.

Insights
AGMpH   positive

Company is declaring consistent dividend payments across multiple stock classes, indicating financial stability and commitment to shareholders


B   neutral

Strategic asset sale with potential future revenue through tiered payment structure, indicating portfolio optimization