👉 Barrick Mining Corporation is divesting its Hemlo Gold Mine in Ontario, Canada, to Carcetti Capital Corp. for $1.09 billion.
👉 The sale is part of Barrick's plan to streamline its portfolio and will be used to support its balance sheet.
👉 The company has raised its price target to $30 from $28.50 and maintains an Outperform rating on its shares.