Barnes (US:B) 智通财经网·2025-11-25 03:05Core Viewpoint - Barrick Mining has reached an agreement with the Malian government, ending a two-year dispute that halted operations at its key gold mine, resulting in a significant rise in its stock price to a thirteen-year high [1][2]. Group 1: Agreement Details - Barrick will regain operational control of the Loulo-Gounkoto mine and withdraw its arbitration request against Mali, while Mali will drop its accusations against Barrick and take legal steps to release four employees previously detained [1][2]. - The agreement includes Barrick's acceptance of Mali's 2023 mining code, which was previously resisted, and a settlement payment, with the Loulo mining license expected to be renewed for ten years [1][2]. - Mali's Finance Minister stated that the new agreement and the 2023 mining code are expected to generate approximately 90 billion West African francs (about $159 million) annually for the government, in addition to royalties and equity shares [1]. Group 2: Impact on Operations and Stock - Following the announcement, Barrick's stock price surged by 8.2% to $39.54, marking the highest level since October 2012 [2]. - The dispute had severely impacted Barrick's stock performance, preventing the company from fully benefiting from record-high gold prices this year [2]. - The Loulo-Gounkoto mine is one of Barrick's most important assets, producing 723,000 ounces of gold last year, accounting for approximately 18% of the company's annual gold output [2]. Group 3: Future Outlook - The West Africa Director of Barrick indicated that the mine could resume operations by the end of the year [3]. - Analysts believe the agreement may enhance market perception of Barrick's asset quality and investor confidence, which is crucial for narrowing the valuation gap with peers [3]. - Following the dispute and the sudden departure of the former CEO, Barrick aims to refocus its operations on North America, particularly its Nevada gold mines and the Pueblo Viejo mine in the Dominican Republic [4].