Barrick Gold Reaches Landmark Agreement in Mali

Barrick Gold has successfully negotiated a comprehensive settlement with Mali’s military government, bringing closure to a protracted and costly dispute over the Loulo-Gounkoto mining complex. The resolution triggered an immediate market response, with Barrick’s shares surging more than 8% during Monday’s trading session.

The mining giant will disburse approximately $430 million (244 billion CFA francs) to resolve all outstanding conflicts. According to the agreement’s payment schedule, $253 million will be transferred within six days of signing. An additional $88 million will be settled through tax credits, while Barrick had already paid $88 million earlier in 2024.

This financial settlement restores Barrick’s complete operational control over the mining complex. All criminal allegations Read more...