👉 Barrick Mining Corporation is considering selling its Tongon gold mine in Ivory Coast to China's Zijin Mining for up to $500 million.
👉 The deal is subject to regulatory approval and would free up capital for Barrick to pursue higher-return opportunities.
👉 Barrick is focusing on assets with strong margins and long production horizons, particularly in copper and long-life gold projects.
👉 The company is shifting its emphasis from smaller, aging mines like Tongon to growth-oriented ventures in regions such as Latin America, North America, and Central Asia.