Wednesday, 11 Feb 2026
  • My Feed
  • My Interests
  • My Saves
  • History
  • Blog
Subscribe
Crypto Guide Daily — Your Source for Crypto News, Analysis & Web3 Innovation
  • Home
  • Credit & Loans
    Credit & LoansShow More
    What’s Your Next Move: Selling, Refinancing, or Cashing Out with an Investor?

    Understanding Home Equity Investments: Key Takeaways When a home equity investment (HEI)…

    By Mia Schneider
    Embracing the Liberating Art of Downsizing: How Letting Go Can Lead to a More Fulfilling Life

    Embracing the concept of downsizing can be incredibly liberating, offering a unique…

    By Mia Schneider
    UK Government Announces 2035 Deadline for Decent Homes Standard: What It Means for Homeowners and Buyers

    The UK government has announced that the Decent Homes Standard (DHS) for…

    By Mia Schneider
    HousingWire Recognizes Prakash Karnani as a Top Marketing Leader in 2023

    We're delighted to share that Prakash Karnani, our Executive Vice President of…

    By Mia Schneider
    Mortgage Rates Rebound to Pre-Stimulus Levels: What It Means for Homebuyers

    It's only been 20 days into the new year, and we've already…

    By Mia Schneider
  • Finance
    FinanceShow More
    Looking Ahead to 2026 and Beyond: Silver’s Shining Future Revealed

    The silver market has experienced a significant surge in recent years, with…

    By Ethan Walker
    Unlock Your Investment Potential: The Essential Equity Fund Categories You Can’t Afford to Miss

    With over 10 equity fund categories to choose from, as classified by…

    By Ethan Walker
    Unlock the Secret to Successful Investing: Discover the Top Performing Factor

    502 Bad Gateway

    By Ethan Walker
    Is the Market on the Brink of a Bubble? Watch for These 3 Key Warning Signs

    SYSTEM: You are an expert SEO content writer. You must rewrite text…

    By Ethan Walker
    Unlock Long-Term Wealth: The Ultimate Guide to Creating a Winning Index Fund Portfolio Backed by 20 Years of Proven Data

    Quick AnswerWhen it comes to creating an index fund portfolio, there's no…

    By Ethan Walker
  • Financial Tools & Apps
    Financial Tools & AppsShow More
    From Zero to Financial Freedom: 8 Simple Steps to Budgeting on a Shoestring

    Creating a budget is often seen as a task for those with…

    By Sofia Martins
    Cutting Through the Noise: What’s Real and What’s Not in AI and Markets for 2026 – Live Update on January 28th at 12pm

    Unraveling the Mysteries of AI: Sidoxia's 2026 Market Update and Investment Insights…

    By Sofia Martins
    Expert Insights: Navigating Market Trends with Our Latest Quarterly Investment Review

    The US stock market ended the year on a high note, with…

    By Sofia Martins
    Your 2026 Tax and Finance Survival Guide: What You Need to Know Now

    The U.S. tax landscape underwent significant changes in 2025 with the enactment…

    By Sofia Martins
    Ditch the Stock Market: 3 Smart Alternatives for Growing Your Wealth

    Are you intimidated by the stock market, with its confusing charts, risky…

    By Sofia Martins
  • Investing
    InvestingShow More
    Unlocking High-Yield Investments in 2025: Navigating the Fine Line Between Risk and Reward

    502 Bad Gateway

    By Emily Johansson
    Mapletree Logistics Trust Unveils Strong Q3 FY25/26 Financial Performance: Key Highlights and Insights

    Mapletree Logistics Trust (MLT), a prominent logistics-focused real estate investment trust (REIT)…

    By Emily Johansson
    Unlock Consistent Returns: 10 High Cash Flow Yield Stocks Backed by Investing Legends

    For investors seeking financially robust businesses, free cash flow yield is a…

    By Emily Johansson
    Rise of the Machines: How Humanoid Robots Are Revolutionizing Our World

    The iconic movie i, Robot starring Will Smith, which premiered in 2004,…

    By Emily Johansson
    T-Bill Yields Surge: What’s Behind the 1.44% Spike and What It Means for Investors

    Understanding the Latest Singapore T-Bill Auction Results The recent 1-year Singapore T-bill…

    By Emily Johansson
  • Crypto
    CryptoShow More
    Bitcoin Rebound Sparks 25% Surge in Strategy Stock ($MSTR) as Crypto Market Shows Signs of Recovery

    Strategy ($MSTR) shares experienced a significant surge on Friday, with prices rising…

    By Sofia Martins
    Sui Crypto Surges: Can Grayscale’s New ETF Filing Push SUI Past $1.55 Resistance?

    Grayscale's recent filing for a Sui ETF has sparked significant institutional interest…

    By Sofia Martins
    Bitcoin Recovery Loses Steam: Will BTC Break Through the $90,000 Barrier?

    Key Takeaways for Bitcoin Investors The Bitcoin price is down less than…

    By Sofia Martins
    Bermuda Pioneers Revolutionary National Economy: A Groundbreaking Partnership with Circle and Coinbase to Bring Entire Nation onto the Blockchain

    TLDR: In a groundbreaking move, Bermuda has partnered with Circle and Coinbase…

    By Sofia Martins
    GitHub Actions Cache Just Got a Major Boost: 200 Uploads Per Minute Now Possible

    Rongchai Wang Jan 17, 2026 09:16 To enhance system stability and prevent…

    By Sofia Martins
  • 🔥
  • Crypto
  • Investing
  • Credit & Loans
  • Finance
  • Financial Tools & Apps
  • crypto
  • AI
  • news
  • blockchain
  • Market News
Font ResizerAa
Crypto Guide Daily — Your Source for Crypto News, Analysis & Web3 InnovationCrypto Guide Daily — Your Source for Crypto News, Analysis & Web3 Innovation
  • My Saves
  • My Interests
  • My Feed
  • History
Search
  • Home
  • Credit & Loans
  • Finance
  • Financial Tools & Apps
  • Investing
  • Crypto
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Crypto Guide Daily — Your Source for Crypto News, Analysis & Web3 Innovation > Blog > Investing > Barrick Sells Côte d’Ivoire Gold Mine to Atlantic Group
Investing

Barrick Sells Côte d’Ivoire Gold Mine to Atlantic Group

Emily Johansson
Last updated: October 7, 2025 4:27 pm
Emily Johansson
Share
SHARE

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its stake in the Tongon gold mine in Côte d’Ivoire to Atlantic Group for as much as US$305 million, marking another strategic divestment as gold prices barrel toward record highs.

In a statement released Monday (October 6), Barrick said the deal includes an upfront cash payment of US$192 million, which incorporates repayment of a US$23 million shareholder loan within six months of closing. The remainder of US$113 million will be paid in contingent installments tied to gold prices over 2.5 years and resource conversions over the next five.


Barrick said proceeds from the sale would “further strengthen [its] balance sheet and support [its] commitment to continue to deliver returns to shareholders.” The company did not disclose how it would specifically allocate the funds but has previously emphasized its focus on debt reduction and high-return projects.

Atlantic Group, the buyer, is a privately held conglomerate founded 48 years ago by an Ivorian entrepreneur. The company operates across 15 African countries with investments spanning agriculture, industry, and financial services.

Through the acquisition, it will take over Barrick’s interests in two Ivorian subsidiaries that own Tongon and nearby exploration permits.

Barrick described the deal as a transition to “local stewardship” that preserves Tongon’s record of community investment and operational excellence.

Located in northern Côte d’Ivoire, the Tongon gold mine began production in 2010 and has contributed more than US$2 billion to the national economy. Originally slated for closure in 2020, its life was extended after successful exploration campaigns.

The announcement comes at a time of extraordinary strength in gold markets. On the same day of the announcement, spot gold traded at around US$3,960 per troy ounce, up nearly 2 percent on the day and setting fresh all-time highs.

Prices have risen more than 50 percent since the start of the year, fueled by investor demand for safe havens amid persistent global uncertainty and growing expectations of additional US interest rate cuts.

According to futures data cited by market sources, traders now assign over a 90 percent probability that the Federal Reserve will cut rates again in its next meeting—a development that has historically supported gold by weakening the dollar and lowering bond yields.

Analysts also point to mounting concerns about sovereign debt sustainability worldwide as adding a “premium” to precious metals.

Gold’s rally has been swift. Less than seven months ago, prices crossed US$3,000 for the first time in history. Now, with US$4,000 in sight, some analysts suggest the momentum reflects both a weakening macroeconomic backdrop and a broader reallocation toward hard assets.

For Barrick, the timing of the Tongon sale may prove opportune. The company has spent recent years streamlining its portfolio, shedding non-core assets and focusing on larger, longer-life mines in its global pipeline.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Share This Article
Twitter Email Copy Link Print
Previous Article Troy Minerals Achieves Key Milestone Toward Operational Mining License for Its Tsagaan Zalaa Silica Project, Mongolia
Next Article From Rock to Road: Investing in Ontario’s Looming EV Boom
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Informed with Verified and Up-to-the-Minute Information

We are committed to accuracy, impartiality, and delivering breaking news as it unfolds—earning the trust of a wide and discerning audience. Stay informed with real-time updates on the latest events and emerging trends.
FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
MediumFollow
QuoraFollow

You Might Also Like

Investing

Plans, Policies, Partnerships: Austrade’s Paul Burfield on Australia’s Critical Minerals Landscape

By Emily Johansson
Investing

Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

By Emily Johansson

Homerun Resources: Establishing a Vertically Integrated Leader in High-purity Silica

By Emily Johansson
Investing

Revolve Receives Approval from the Alberta Utilities Commission for the 15.7 MW Bright Meadows Solar Project

By Emily Johansson
Crypto Guide Daily — Your Source for Crypto News, Analysis & Web3 Innovation
Facebook Twitter Youtube Rss Medium

About Us

CryptoGuideDaily: Your gateway to the fast-paced world of cryptocurrency. Get real-time updates, expert insights, and breaking news across Bitcoin, Ethereum, DeFi, NFTs, and more. Stay informed with 24/7 crypto coverage.

Top Categories
  • Financial Tools & Apps
  • Credit & Loans
  • Finance
  • Investing
  • Crypto
  • Terms and Conditions
Usefull Links
  • Advertise with US
  • Privacy Policy
  • History
  • My Saves
  • My Interests
  • My Feed
  • Contact
  • About us
  • Sitemap
  • Terms and Conditions

© Crypto Daily Guide. All Rights Reserved.

  • bitcoinBitcoin(BTC)$66,908.00-3.07%
  • ethereumEthereum(ETH)$1,951.24-2.99%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$1.36-4.19%
  • binancecoinBNB(BNB)$599.69-4.96%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$80.60-4.74%
  • tronTRON(TRX)$0.274497-0.85%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.20%
  • dogecoinDogecoin(DOGE)$0.090531-3.24%
  • whitebitWhiteBIT Coin(WBT)$50.40-2.78%
  • bitcoin-cashBitcoin Cash(BCH)$516.22-0.75%
  • USDSUSDS(USDS)$1.000.00%
  • cardanoCardano(ADA)$0.255731-2.31%
  • leo-tokenLEO Token(LEO)$8.26-3.93%
  • HyperliquidHyperliquid(HYPE)$28.76-4.32%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • moneroMonero(XMR)$341.313.42%
  • CantonCanton(CC)$0.163082-2.98%
  • chainlinkChainlink(LINK)$8.31-2.59%
  • USD1USD1(USD1)$1.00-0.08%
  • stellarStellar(XLM)$0.153783-2.00%
  • daiDai(DAI)$1.000.04%
  • litecoinLitecoin(LTC)$52.07-2.06%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.09%
  • zcashZcash(ZEC)$232.36-1.24%
  • hedera-hashgraphHedera(HBAR)$0.088388-2.89%
  • avalanche-2Avalanche(AVAX)$8.57-2.73%
  • RainRain(RAIN)$0.0102855.49%
  • suiSui(SUI)$0.90-4.71%
  • shiba-inuShiba Inu(SHIB)$0.000006-2.18%
  • the-open-networkToncoin(TON)$1.30-2.91%
  • crypto-com-chainCronos(CRO)$0.075471-3.97%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.100243-5.75%
  • tether-goldTether Gold(XAUT)$5,024.850.45%
  • MemeCoreMemeCore(M)$1.43-2.70%
  • pax-goldPAX Gold(PAXG)$5,057.170.67%
  • polkadotPolkadot(DOT)$1.24-3.21%
  • uniswapUniswap(UNI)$3.25-3.09%
  • mantleMantle(MNT)$0.62-2.76%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Falcon USDFalcon USD(USDF)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$2.31-9.29%
  • aaveAave(AAVE)$105.87-2.49%
  • Global DollarGlobal Dollar(USDG)$1.000.01%
  • Circle USYCCircle USYC(USYC)$1.120.00%
  • AsterAster(ASTER)$0.641.64%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • okbOKB(OKB)$72.39-3.56%
  • HTX DAOHTX DAO(HTX)$0.000002-0.48%
  • pepePepe(PEPE)$0.000004-3.72%
  • SkySky(SKY)$0.064346-6.88%
  • BittensorBittensor(TAO)$147.42-6.01%
  • BFUSDBFUSD(BFUSD)$1.000.00%
  • internet-computerInternet Computer(ICP)$2.31-2.09%
  • ethereum-classicEthereum Classic(ETC)$8.07-3.84%
  • nearNEAR Protocol(NEAR)$0.96-3.93%
  • Pi NetworkPi Network(PI)$0.132949-4.26%
  • OndoOndo(ONDO)$0.240139-1.89%
  • gatechain-tokenGate(GT)$6.89-1.13%
  • Pump.funPump.fun(PUMP)$0.001856-5.43%
  • kucoin-sharesKuCoin(KCS)$8.02-2.88%
  • worldcoin-wldWorldcoin(WLD)$0.368030-3.23%
  • Superstate Short Duration U.S. Government Securities Fund (USTB)Superstate Short Duration U.S. Government Securities Fund (USTB)(USTB)$10.990.03%
  • usddUSDD(USDD)$1.00-0.02%
  • Provenance BlockchainProvenance Blockchain(HASH)$0.0184431.92%
  • quant-networkQuant(QNT)$68.040.04%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.088391-4.77%
  • MYX FinanceMYX Finance(MYX)$4.88-18.71%
  • cosmosCosmos Hub(ATOM)$1.88-1.43%
  • EthenaEthena(ENA)$0.111454-3.24%
  • USDtbUSDtb(USDTB)$1.00-0.13%
  • kaspaKaspa(KAS)$0.030868-1.16%
  • MidnightMidnight(NIGHT)$0.048302-0.62%
  • nexoNEXO(NEXO)$0.80-1.64%
  • algorandAlgorand(ALGO)$0.089263-4.50%
  • flare-networksFlare(FLR)$0.009258-3.73%
  • aptosAptos(APT)$0.96-3.80%
  • Janus Henderson Anemoy AAA CLO FundJanus Henderson Anemoy AAA CLO Fund(JAAA)$1.030.01%
  • Official TrumpOfficial Trump(TRUMP)$3.13-5.26%
  • Spiko EU T-Bills Money Market FundSpiko EU T-Bills Money Market Fund(EUTBL)$1.250.09%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.121.02%
  • xdce-crowd-saleXDC Network(XDC)$0.035191-2.59%
  • OUSGOUSG(OUSG)$114.250.01%
  • filecoinFilecoin(FIL)$0.87-4.98%
  • render-tokenRender(RENDER)$1.26-4.03%
  • vechainVeChain(VET)$0.007440-3.66%
  • arbitrumArbitrum(ARB)$0.106991-2.23%
  • beldexBeldex(BDX)$0.080082-2.45%
  • MorphoMorpho(MORPHO)$1.09-2.66%
  • Usual USDUsual USD(USD0)$1.00-0.11%
  • Janus Henderson Anemoy Treasury FundJanus Henderson Anemoy Treasury Fund(JTRSY)$1.090.01%
  • USDaiUSDai(USDAI)$1.00-0.01%
  • GHOGHO(GHO)$1.000.07%
  • bonkBonk(BONK)$0.000006-4.34%
  • A7A5A7A5(A7A5)$0.012800-0.13%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • LayerZeroLayerZero(ZRO)$2.3924.07%
  • fasttokenFasttoken(FTN)$1.090.09%
  • sei-networkSei(SEI)$0.070353-3.72%
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?