Barrick Sells Hemlo Gold Mine to Carcetti in Deal Worth Up to $1.09 Billion

Barrick Mining Corporation has agreed to sell its Hemlo Gold Mine in Canada to Carcetti Capital Corp. under a transaction valued at up to $1.09 billion. The purchaser will be renamed Hemlo Mining Corp., and the consideration includes a mix of cash, equity and a tiered, gold-price linked payment mechanism. The divestment aligns with Barrick’s focus on scaling its Tier One gold and copper portfolio. Proceeds from the sale are earmarked to strengthen the balance sheet and support capital returns to shareholders. The deal is expected to close in the fourth quarter of 2025, subject to customary conditions and regulatory approvals. On the analyst front, the most recent consensus rating for TSE:ABX is Hold with a C$29.00 price target. A full set of analyst forecasts is available on the TSE:ABX stock forecast pages. TipRanks’ AI analyst Spark assigns an Outperform rating to TSE:ABX. Spark cites Barrick’s strong financial results, solid profitability and disciplined capital allocation as key positives. It also notes some technical indicators suggesting overbought conditions, while a reasonable valuation and constructive outlook support a favorable view. About Barrick: the company is a m...