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Barrick (B) Sells Tongon Mine Stake for Up to $305M
Barnes Barnes (US:B) Yahoo Finance·2025-10-17 04:19

Barrick Mining Corporation (NYSE:B) is one of the top stocks to buy as gold rallies. On October 6, the company agreed to sell its interest in the Tongon gold mine and associated exploration properties in Côte d’Ivoire to Atlantic Group for up to 305million.AtlanticGroupwillmakeaninitialcashpaymentof305 million. Atlantic Group will make an initial cash payment of 192 million, which encompasses repayment of a 23millionshareholderloanduewithinsixmonthsafterthedealcloses.Therewillalsobecontingentpaymentsofupto23 million shareholder loan due within six months after the deal closes. There will also be contingent payments of up to 113 million over the next fiv ...