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Barrick Nears Malian Resolution, Completes Feasibility Studies For Two World-Class Projects - Barrick Gold (NYSE:GOLD)

Summary by Benzinga
Barrick Gold (NYSE:GOLD) is getting closer to resolving a prolonged dispute with Mali's military junta over the country's mining code reforms. Seeking to maximize state revenue, the junta demanded higher royalties and a greater share of profits from foreign operators. The situation gradually worsened since 2023, leading to a standoff with Barrick, which operates the Loulo-Gounkoto complex, one of Mali's largest gold mines. Junta sought hundreds …

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BenzingaBenzinga

Barrick Nears Malian Resolution, Completes Feasibility Studies For Two World-Class Projects - Barrick Gold (NYSE:GOLD)

Barrick Gold (NYSE:GOLD) is getting closer to resolving a prolonged dispute with Mali's military junta over the country's mining code reforms. Seeking to maximize state revenue, the junta demanded higher royalties and a greater share of profits from foreign operators. The situation gradually worsened since 2023, leading to a standoff with Barrick, which operates the Loulo-Gounkoto complex, one of Mali's largest gold mines. Junta sought hundreds …

·New York, United States
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the deep divethe deep dive

Barrick Gold Reaches Agreement To Settle Problems In Mali

Barrick Gold (TSX: ABX) has reportedly reached a new agreement with the Malian government, potentially ending a nearly two-year dispute over its mining assets in the West African nation. According to sources familiar with the matter, Barrick has signed the agreement, which now awaits formal approval from Mali’s government. The dispute, which began in 2023, centered around Mali’s new mining code that sought to increase the government’s share in g…

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MINING.comMINING.com

Barrick reaches agreement with Mali to resolve mining dispute – report

Barrick will pay $438M to the government in exchange for the release of detained employees, the return of seized gold and the resumption of operations at Loulo-Gounkoto.

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Benzinga broke the news in New York, United States on Thursday, February 20, 2025.
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