Barrick Wraps Up Tongon Interests' Divestiture to Atlantic Group

Key Takeaways Barrick completes the $305M sale of Tongon mine interests and exploration properties to Atlantic Group.The deal brings $192M cash and up to $113M in contingents tied to gold prices and resource conversions.Barrick will use the proceeds to bolster its balance sheet and deliver returns following the delayed closing.Barrick Mining Corporation (B) announced the completion of the divestment of its interests in the Tongon gold mine, along with a few of its exploration properties in Côte d’Ivoire, to ...