Barrick Completes Tongon Transaction

Core Points - Barrick Mining Corporation has completed the divestiture of its interests in the Tongon gold mine and certain exploration properties in Côte d'Ivoire to the Atlantic Group for total consideration of up to $305 million [1][2] - The total consideration includes cash of $192 million, which consists of a $23 million shareholder loan repayment within six months of closing, and contingent cash payments of up to $113 million based on gold prices and resource conversions over specified periods [2] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, including six Tier One gold mines [3] - The company operates in 18 countries across five continents and is the largest gold producer in the United States, focusing on creating long-term value through responsible mining and strong partnerships [3]