What North Mara renewal means for Barrick Mining stock
Published on 10/17/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNorth Mara renewal details
- On October 5, 2026, Tanzania renewed North Mara's Special Mining Licenses for 15 years.
- Barrick said Tanzanian nationals represented 96 percent of its workforce of approximately 3,000 in the country.
- The Tanzanian government holds a 16 percent interest in each of the North Mara and Bulyanhulu mines.
Barrick Mining Corporation announced on October 5, 2026, that the Government of Tanzania had renewed the Special Mining Licenses for the North Mara Gold Mine for another 15 years, according to the company's release.
North Mara is operated through Twiga Minerals, which Barrick and the Tanzanian government established in 2019 to operate North Mara and Bulyanhulu. The government holds a 16 percent interest in each mine, while the partners split the economic benefits equally, the company said.
The release said Tanzanian nationals accounted for 96 percent of a workforce of approximately 3,000 in the country, with 47 percent drawn from communities surrounding the mines. Barrick also said more than 90 percent of procurement was sourced from Tanzanian-registered companies, according to the release.
Market context: Market report S&P/TSX Composite.
The week in figures
The October 5 announcement covered a 15-year license renewal for North Mara and cited a 96 percent share of Tanzanian nationals in Barrick's local workforce, according to the release.
Chronology of the week
On October 5, 2026, Barrick announced the renewal of North Mara's Special Mining Licenses for 15 years, as reported in the company release.
Weekend trading
The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Barrick Mining stock.
