Barrick Gold Secures Critical Mine Deal in Mali

Investors in Barrick Gold can breathe a sigh of relief as the company announces a pivotal resolution to its protracted dispute with the government of Mali. The agreement, confirmed over the weekend, removes a significant cloud of uncertainty that had been hanging over the miner’s valuable West African operations, potentially paving the way for a market re-evaluation of the gold producer.

The core of the breakthrough is a preliminary deal to extend the mining license for the crucial Loulo-Gounkoto complex. The permit will be renewed for an additional ten years beyond its 2026 expiry. This diplomatic success, however, comes with a price. Barrick has consented to operate under Mali’s 2023 mining Read more...