The Financial Post reports in its Tuesday edition that Barrick has agreed to sell its gold mine in Africa's Ivory Coast for as much as $305-million, the latest in a string of asset sales by the global mining giant (all figures U.S.). A Bloomberg dispatch to the Post says the purchase of the Tongon gold mine by the Atlantic Group will give Barrick $192-million in cash, including a $23-million shareholder loan repayment. An additional $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, its last Canadian mine, in September, and parted ways with its interest in the Donlin gold project in Alaska earlier this year. The company started searching for a buyer for Tongon last year. The deal also marks the first sale since Barrick's former chief executive officer Mark Bristow left the company about a week ago. Toronto-Dominion Bank and Treadstone Resource Partners acted as advisers on the deal.