Barrick to Sell Hemlo for Up To US$1.09 Billion

Davies is acting for Barrick Mining Corporation in the sale of the Hemlo Gold Mine to Carcetti Capital Corp., which is to be renamed to Hemlo Mining Corp. upon closing of the transaction, for up to US$1.09 billion. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.

The Davies team advising on the transaction includes Melanie Shishler, Josh Kuretzky, Jonas Farovitch, Jack Franklin and Bailey Stern (Private M&A/Mining); Chris Anderson, Sharon Ford and Darren Joblonkay (Tax); Scott Hyman (Financing); Sarah Powell (Environment); Seann McAleese (Employment); and Jim Dinning (Competition)