Barrick announces sale of interest in tongon for up to $305 million

All amounts expressed in u.s. dollars toronto, oct. 06, 2025 (globe newswire) -- barrick mining corporation (nyse:b)(tsx:abx) (“barrick” or the “company”) today announced that it has reached an agreement to sell its interests in the tongon gold mine (“tongon”) and certain of its exploration properties (the “exploration permits”) in cÔte d'lvoire to the atlantic group ("atlantic") for total consideration of up to $305 million. the consideration is composed of a cash consideration of $192 million, inclusive of a $23 million shareholder loan repayment within six months of closing, and contingent cash payments totalling up to $113 million payable based on the price of gold over 2.5 years and resource conversions over 5 years.
B Ratings Summary
B Quant Ranking