Barrick Gold Secures Key Resolution in Mali, Paving Way for Mine Restart

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A protracted dispute between Barrick Gold and Mali’s military government has been resolved, allowing operations to resume at the critical Loulo-Gounkoto mining complex. The settlement, which involves a significant payment from the Canadian miner, removes a major overhang for the company and its investors.

Following a two-year impasse, Barrick has reached a comprehensive agreement with Malian authorities. The cornerstone of the deal is a payment of 244 billion CFA francs (approximately $437 million) to the state. In exchange, Barrick regains full operational control of the Loulo-Gounkoto mine, one of Africa’s largest gold-producing assets.