Reported 16 days ago
Barrick Gold Corp. is actively seeking buyers for its Tongon gold mine in the Ivory Coast, aiming to sell as gold prices soar. The company has teamed up with Toronto-Dominion Bank to identify potential buyers, with plans to cease production at the aging mine by 2027 due to depleting resources. This comes as Barrick seeks to increase its portfolio quality and reduce costs amidst rising mine valuations influenced by record-setting gold prices.
Source: YAHOO