Sep 12, 2025
Barrick (ABX) announced the sale of its Hemlo gold mine in Ontario for $1.1B, the company’s last Canadian asset - but one that was immaterial to its total production.
Wheaton (WPM) got in on the deal financing, committing up to $400M through an attractive streaming agreement and participating in the equity component to the tune of at least $50M.
Barrick gets to focus on its core operations, Wheaton gets an attractive gold stream, and the Hemlo mine stays in Canadian hands - everybody wins.
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