Is Barrick's Asset Sale Spree Paving the Way for Next Growth Phase?

Key Takeaways Barrick agreed to sell its Tongon mine and exploration assets in Cote d'Ivoire for up to $305M.The deal extends Barrick's portfolio reshaping after multiple asset sales.Proceeds will bolster its balance sheet, fund growth and enhance shareholder returns.Barrick Mining Corporation (B) recently agreed to sell its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million, including a cash consid ...