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Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%

M&A / Property

Barrick Mining closes Tongon interest sale

By The Northwire Desk — AI Analysis Dec 02, 2025 · 20:18 ABX · 57.42 Barrick Mining Corporation

ABX · Price

Executive Summary

Barrick Mining Corp. has completed the divestiture of its interests in the Tongon gold mine and certain exploration properties in Ivory Coast to the Atlantic Group.
The total transaction consideration is valued at up to $305 million, structured as a mix of immediate cash and contingent payments.
The deal includes a $192 million cash component (including a $23 million shareholder loan repayment) and up to $113 million in contingent cash payments tied to gold prices and resource conversions.

Key Details

Transaction Completion: Barrick completed the sale of its interests in the Tongon gold mine and related exploration properties in Ivory Coast.
Buyer: Atlantic Group.
Total Consideration: Up to $305 million USD.
Cash Component: $192 million USD.
- This amount includes the repayment of a $23 million shareholder loan within six months of closing.
Contingent Payments: Up to $113 million USD.
- Payable based on the price of gold over a 2.5-year period.
- Payable based on resource conversions over a five-year period.
Prior Announcement: The completion follows an initial announcement made on October 6, 2025.

Notable Quotes

None provided in the text.

Read the original news release →

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