Oct 6 (Reuters) - Barrick Mining ( B ) said on Monday

it will sell its interests in the Tongon gold mine and certain

of its exploration properties in Ivory Coast to the Atlantic

Group for up to $305 million.

The Canadian miner has been shedding smaller, less

profitable assets following its 2019 merger with Africa-focused

Randgold Resources.

The deal includes a cash payment of $192 million, which

covers a $23 million shareholder loan repayment to be made

within six months of closing, with the proceeds helping Barrick

strengthen its balance sheet, the company said.

The transaction is expected to be completed in late 2025.