Barrick Mining Corporation (NYSE:B) has resolved a long-running dispute with the government of Mali. After nearly two years, including almost a year of halted production, the firm restored control over Loulo-Gounkoto, one of its most important gold assets.

Barrick agreed to pay about 244 billion CFA francs, or roughly $430 million, while authorities will return three metric tons of seized gold.

The Conflict Timeline

The dispute began in 2023 when Mali revised its mining code. The military-led government wanted increased state revenues through higher taxes and royalties.

Also Read: Barrick Warns About Destabilization In Mali, Could Halt One Of Its Largest Mines

Barrick resisted, calling for the honoring of the existing agreements. Tensions escalated through 2024, as audits intensified and export approvals slowed. By early 2025, the court ...