Post #54

🇨🇮Barrick Sells Mine To An Ivory Coaster Canadian Barrick has announced it sells its 89.7% stake in Tongon gold mine to the Atlantic Group, a major ivorian multisector investor. 📈For Ivory Coast the deal marks the 1ST time a local company takes control over a major gold mine; 📈For the Atlantic Group it's a viable and still (after many years of exploitation) profitable asset, that will supposedly generate revenue up to at least 2027; 📉For Barrick it's another step in assets optimization, and not the most profitable one (China's Zijin allegedly offered $500 million for the same mine, which is now being sold for $300 million) Devils Below