Barrick Gold is considering a sale of its Tongon Gold mine in the Ivory Coast as the company ramps up asset disposals following its purchase of Randgold Resources, people familiar with the matter said.
The miner is working with Bank of Nova Scotia to identify buyers for the asset, the people said, asking not to be identified as the information is private. The company aims to start a formal sale process in the near term for part or all of its stake, the people said. Deliberations are at an early stage, and Barrick may decide against selling the operations, they said.