Barrick Completes Tongon Transaction [Canadian Business Journal (Canada)]
Barnes Group, Inc. (B)
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Source: Canadian Business Journal
All amounts expressed in U.S. dollarsTORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) — Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) announced today that, further to its announcement on October 6, 2025, it has completed the divestiture of its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million.The consideration is composed of 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.About Barrick Mining CorporationInvestor Relations [email protected]Media Cautionary Statement on Forward-Looking InformationForward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the
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News
- Barrick Mining (NYSE:B) (TSE:ABX) was upgraded by analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating. They now have a $50.00 price target on the stock.MarketBeat
- Barrick Mining (NYSE:B) (TSE:ABX) was upgraded by analysts at BNP Paribas to an "outperform" rating.MarketBeat
- Barrick chair Thornton considered splitting company in three parts as early as 2018, but doubled down on risky assets instead [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- These 2 Soaring Gold Stocks Still Look Super-Cheap! [Yahoo! Finance Canada]Yahoo! Finance Canada
- Barrick Considering Spinning Off North American Gold Assets [Yahoo! Finance]Yahoo! Finance
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