Barrick to sell Tongon mine in up to $305 million deal

Core Viewpoint - Barrick Mining announced the sale of its interests in the Tongon gold mine and certain assets in Ivory Coast to Atlantic Group for up to $305 million, aiming to strengthen its financial position [1] Company Summary - The transaction involves Barrick Mining divesting its interests in the Tongon gold mine, which is a strategic move to enhance its financial stability [1] - The sale price could reach up to $305 million, indicating a significant asset liquidation for Barrick Mining [1] Industry Summary - The sale reflects ongoing trends in the mining industry where companies are optimizing their asset portfolios to focus on core operations and improve financial health [1]