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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Barrick Hands Hemlo Gold Mine To New Owner In $1.09 Billion Deal

Barrick Gold Mining Canada Ontario
Barrick,Logo,On,Phone,,Blurred,Gold,Bars,On,The,Background,

Barrick Mining Corporation (NYSE:B) announced Wednesday that it has struck a deal to divest its Hemlo Gold Mine in Ontario, Canada, in a transaction worth as much as $1.09 billion.

The mine will be acquired by Carcetti Capital Corp., which plans to rename itself Hemlo Mining Corp. once the sale closes.

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