Barrick sells Tongon mine interests to Atlantic Group for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) said on Monday it has agreed to sell its interests in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to 192 million, which covers a $23 million shareholder loan repayment due within six months of closing. Barrick said the proceeds will be used to further strengthen its balance sheet and support its commitment to shareholder returns.The deal is expected to close i ...