Barrick completes Tongon gold mine divestiture in Côte d’Ivoire

Barrick Mining has finalised the divestiture of its interests in the Tongon gold mine, along with selected exploration assets in Côte d’Ivoire, to Atlantic Group. The transaction, first disclosed on 6 October 2025, carries a total consideration of up to $305m. As part of the agreed transaction, Barrick will receive a cash payment of $192m from Atlantic Group. This sum includes a $23m repayment of a shareholder loan, which is scheduled to be paid within six months of the transaction’s closing. In additi ...