Workers walking on a site of the Tongon gold mine in Tongon, northern Ivory Coast. Photo by AFP PHOTO/ISSOUF SANOGOISSOUF SANOGO/AFP/Getty Images files

Barrick Mining Corp. agreed to sell its gold mine in Africa’s Ivory Coast for as much as US$305 million, the latest in a string of asset sales by the global mining giant.

The purchase of the Tongon gold mine by the Atlantic Group will give Barrick US$192 million in cash, including a US$23 million shareholder loan repayment, according to a statement on Monday. An additional US$113 million of later cash payments are contingent on gold price thresholds.

The sale is the latest in a series of divestments the Toronto-based miner has made to strengthen its balance sheet and capitalize on surging gold prices. The company sold off Hemlo

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