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Hemlo Mining Corp. has closed the acquisition of the Hemlo Gold Mine in Ontario, Canada from Barrick Mining Corp. for up to $1.1bn. The mine has produced 25 million ounces of gold since 1985 and the company plans to maximize value through a fit-for-purpose operating approach and aggressive brownfields exploration. Hemlo Mining Corp. is led by experienced mining executives and aims to establish itself as a leading Canadian mid-tier gold producer.

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