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Stock impact report

Barrick to sell Hemlo mine to Carcetti Capital for more than $1bn [Yahoo! Finance]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The divestment is part of Barrick's strategy to strengthen its balance sheet and enhance shareholder returns. Carcetti Capital Corporation will be renamed Hemlo Mining Corporation (HMC) upon completion of the transaction. The sale agreement comprises a cash consideration of $875m due upon closing, and HMC shares valued at $50m to be issued to Barrick at the same price per HMC subscription receipt under HMC's concurrent equity offering. Additionally, a cash payment arrangement linked to production and a tiered gold price, amounting to a maximum of $165m, will commence in January 2027 and be in effect for a duration of five years. Barrick president and CEO Mark Bristow said: “The sale of Hemlo at an attractive valuation marks the close of Barrick's long and successful chapter at the mine and underscores our disciplined focus on building value through our Tier One gold and copper portfolio. “We are confident that HMC's experienced management and the existing Hemlo team will be Show less Read more
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