Barrick Said to Seek Buyer for Ivory Coast Mine as Bullion Soars
- Gold company is working with TD to find buyers for Tongon mine
- Tongon accounted for 5% of Barrick’s gold output last year
Barrick Gold Corp. signage on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Barrick Gold Corp. is seeking buyers for its Tongon gold mine in the Ivory Coast in an effort to sell the aging operation when bullion prices are surging.
The world’s No. 2 gold miner started working with Toronto-Dominion Bank to identify buyers and solicit bids for the mine in late November, according to people familiar with the matter, who asked not to be named discussing confidential matters.