Barrick Mining Stock Surges Following Company’s Settlement With Mali Government to End Loulo, Gounkoto Mine Disputes

The provisional administration of the Loulo-Gounkoto complex will be terminated, after which Barrick will regain complete operational control of the mines.

Barrick Mining Corp. (B) announced on Monday that it reached an agreement with the Government of Mali to end all disputes related to the Loulo and Gounkoto mines.

All charges against the company, its staff, and affiliates will be dropped, and steps will be taken to release the four detained employees. The provisional administration of the Loulo-Gounkoto complex will be terminated, after which Barrick will regain complete operational control of the mines.

With this settlement, Barrick will withdraw its ongoing arbitration cases at the International Centre for Settlement of Investment Disputes.

Barrick Gold shares climbed 6% higher.

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