Atlantic Group, the pan-African conglomerate led by Ivorian businessman Kon Dossongui, has secured a 150 million financing package to support its purchase of the Tongon gold mine in Cte dIvoire. The funding, arranged by private equity firm Appian Capital Advisory, marks one of the most significant mining transactions in the country this year.
The agreement places the mines total consideration at up to 305 million, including contingent payments linked to future production. Tongon is expected to produce as much as 140,000 ounces of gold in 2025, and new drilling programs are planned to extend its operating life.
Expansion into gold mining
