Barrick gold seeks buyers for its last mine in Canada [BNN Bloomberg (Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: BNN Bloomberg
Barrick began a process in April to sell its Hemlo gold mine in Ontario and retained Canadian Imperial Bank of Commerce to find buyers and solicit bids, according to people familiar with the matter, who asked not to be named. Barrick and CIBC did not immediately respond to requests for comments. The sale of the mine, if completed, would leave Barrick without any mines in the country where it was founded. One of the largest Toronto-headquartered mining companies, Barrick has cut back on its Canadian presence since it merged with Africa-focused Randgold Resources Ltd. It moved some head office jobs out of Toronto in an effort to decentralize operations, while few executives or board members are still based in Canada. The company has also sought to shed mines and dispense with smaller investments as bullion prices hit repeat record highs. Barrick sold its stake in an Alaskan gold project for US$1 billion on Tuesday, and has sought buyers for its Tongon gold mine in the Ivory Coast
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CM
Earnings
- 12/4/25 - Beat
CM
Sec Filings
- 12/29/25 - Form 424B2
- 12/29/25 - Form FWP
- 12/29/25 - Form 424B2
- CM's page on the SEC website