Story perspectives
Barrick Mining Sells Tongon Gold Mine for $305M
10/6/2025
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Story summary
- Barrick Mining will sell its interests in the Tongon gold mine in Ivory Coast to Atlantic Group for up to $305 million.
- The sale strengthens Barrick's balance sheet amid rising costs.
- Barrick's shares rose 3% on the Toronto Stock Exchange after the announcement.
- Completion is expected in late 2025 as Barrick continues monetizing non-core assets since the 2019 Randgold merger.
