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Barrick may sell its last Canadian gold mine to Discovery Silver
By Jacob Lorinc and Paula Sambo
Bloomberg News
Tuesday, July 15, 2025
Barrick Mining Corp. is in advanced talks to sell its last Canadian gold mine to Discovery Silver Corp., according to people familiar with the matter, as the firms seek to capitalize on the soaring price of the precious metal.
Discovery Silver is in the final stages of a process Barrick launched in April to sell the Hemlo gold mine in Ontario, according to the people, who asked not to be named.
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There's no certainty the deliberations will lead to a transaction, the people said.
Barrick and Discovery, both based in Toronto, did not immediately respond to requests for comment. ...
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