MINING.COM·2025-11-24 17:25Core Viewpoint - Barrick Mining has reached an agreement with the Malian government to resolve a dispute, restoring operational control of the Loulo-Gounkoto gold mining complex and leading to a surge in its stock price [1][2]. Group 1: Agreement Details - The Malian government has dropped all charges against Barrick and its affiliates, allowing the company to regain operational control of the Loulo-Gounkoto complex [1][2]. - In exchange for the release of four Barrick employees detained for a year, Barrick will withdraw its arbitration case against Mali [2]. - This agreement officially concludes a two-year dispute over one of Africa's largest mining assets [3]. Group 2: Operational Impact - The Loulo-Gounkoto complex produced 723,000 ounces of gold last year, ranking among the top 10 global producers [3]. - Barrick holds an 80% ownership stake in the mine, with Mali retaining 20% [3]. Group 3: Financial Performance - Following the announcement of the dispute resolution, Barrick's shares reached a new 52-week high of $39.02, with a market capitalization nearing $62 billion [4]. - Year-to-date, Barrick's stock has increased over 143%, outperforming competitors Newmont and Agnico Eagle Mines [4]. Group 4: Historical Context - The dispute originated in 2023 when Mali imposed a new mining code and demanded significant economic benefits and taxes from Barrick [5]. - The situation escalated when the Malian state seized Barrick's gold, leading to a suspension of operations and provisional administration [5]. - Barrick had to write off $1 billion in revenue from the Malian operation and experienced a leadership change with the departure of former CEO Mark Bristow [6].