INVESTMENT HIGHLIGHTS

Appian has provided an acquisition financing package to Atlantic Group to support its buyout of the Tongon gold mine in Côte d’Ivoire from Barrick Mining Corporation.

Tongon is a long‑established producing gold mine with significant upside potential, supported by an exploration program across a 2,136 km² land package covering five concessions. The project’s life of mine has been continually extended through successful exploration by Barrick Mining. Since beginning production in 2010, Tongon has contributed meaningfully to the Côte d’Ivoire economy through taxes, infrastructure development, local employment, partnerships with local suppliers and community development initiatives.

Atlantic Group is one of Africa’s leading diversified private holding companies. Headquartered in Abidjan, Côte d’Ivoire, the Group operates across banking, insurance, agro‑industry, and industry, with a multi‑country presence across West, Central and East Africa, as well as the Indian Ocean region.

The US$150 million acquisition financing package comprises a senior secured debt facility and a gold stream agreement. As part of the financing, Atlantic Group will implement a downside gold price protection program to de‑risk Tongon’s cash flows.

For more information about Tongon please click here.