M&A Deal Summary

Hemlo Mining Acquires Hemlo Gold Mine

On September 10, 2025, Hemlo Mining acquired metals/mining company Hemlo Gold Mine from Barrick for 875M USD

Acquisition Highlights
  • This is Hemlo Mining’s 1st transaction in the Metals/Mining sector.
  • This is Hemlo Mining’s largest (disclosed) transaction.
  • This is Hemlo Mining’s 1st transaction in Canada.
  • This is Hemlo Mining’s 1st transaction in Ontario.

M&A Deal Summary

Date 2025-09-10
Target Hemlo Gold Mine
Sector Metals/Mining
Buyer(s) Hemlo Mining
Sellers(s) Barrick
Deal Type Divestiture
Deal Value 875M USD

Target

Hemlo Gold Mine

Marathon, Ontario, Canada
Hemlo Gold Mine is an underground gold mining operation that extracts gold‑bearing ore from underground workings, processes the material on‑site to recover gold, and produces doré bars for shipment to external refineries. Hemlo Gold Mine is based in Marathon, Ontario.

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Buyer(S) 1

Buyer

Hemlo Mining

Vancouver, British Columbia, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Hemlo Mining is engaged in the exploration, development, and production of natural gas. Hemlo Mining is based in Vancouver, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Barrick

Toronto, Ontario, Canada

Category Company
Founded 1983
Sector Metals/Mining
Revenue 12.9B USD (2024)
DESCRIPTION

Barrick operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick was incorporated in 1983 and is based in Toronto, Ontario.


DEAL STATS #
Overall 10 of 10
Sector: Metals/Mining M&A 9 of 9
Type: Divestiture M&A Deals 9 of 9
State: Ontario M&A 1 of 1
Country: Canada M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-02 Barrick Gold - Royalty Portfolio

United States

Barrick Gold's Royalty Portfolio consists of 22 royalties on the production of minerals from mines located in North America, South America, Australia, and Africa.

Sell $60M