Barrick Mining Charts a New Course with Mali Resolution

A significant operational hurdle has been cleared for Barrick Mining. Effective January 1, 2026, the mining giant will resume full-scale production at its strategically vital Loulo-Gounkoto complex in Mali. This follows a comprehensive settlement reached with the Malian government in late November 2025, concluding a two-year legal dispute. This milestone was a primary catalyst for the company’s extraordinary share price performance throughout the preceding year.

The agreement removes a major overhang of uncertainty that had weighed on the stock. Under the settlement terms, Barrick will pay $430 million to the state of Mali, partially offset by tax credits. In exchange, the company secures a ten-year extension of its mining license for the complex.

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