Sept 10 (Reuters) - Barrick Mining ( B ) has agreed

to sell its Hemlo gold mine in Canada to Carcetti Capital ( TPNEF ) for up

to $1.09 billion, the companies said on Wednesday.

The deal includes $875 million in cash at closing, $50

million in shares of Carcetti, and up to $165 million in

contingent payments linked to production and gold prices from

2027 over five years, the statement added.

Carcetti said it will fund the acquisition through a mix of

financing, including a $400 million gold stream with Wheaton

Precious Metals ( WPM ), a $225 million loan underwritten by

Scotiabank and about $415 million from a private placement.

The deal is expected to close in the fourth quarter and will

result in Carcetti Capital ( TPNEF ) being renamed to Hemlo Mining Group.

Earlier in August, Barrick topped quarterly profit estimates

and raised its dividend despite taking a $1.04 billion charge

tied to the loss of its mine in Mali, part of a wider effort to

shed non-core assets and focus on its largest gold and copper

operations.