Overview

• Deal terms include $875 million in cash at closing, $50 million in buyer shares, and up to $165 million in gold price‑linked payments starting in 2027 over five years.
• Carcetti Capital will be renamed Hemlo Mining Corp. and plans to move from the TSXV’s NEX board to the main TSXV in connection with the acquisition.
• Incoming leadership features Robert Quartermain, with investor backing from Wheaton Precious Metals and Orion Mine Finance.
• Barrick says proceeds will bolster its balance sheet and support capital returns, contributing to more than $2 billion in expected 2025 divestment proceeds alongside Donlin and Alturas.
• Hemlo is a long‑running Ontario operation that The Globe and Mail reports is Barrick’s only Canadian mine, marking the end of its operating presence in the country.