Barrick Gold Secures Resolution Over Key Mali Mining Operations

Barrick Gold Corporation has successfully concluded a two-year period of operational uncertainty, regaining full managerial control of its Loulo-Gounkoto mining complex in Mali. The physical handover of operations was finalized today, marking the end of a costly diplomatic and legal dispute. For shareholders, this development removes a significant geopolitical overhang that had clouded the investment case.

The resolution, initially agreed upon with Mali's military government on November 24, 2025, has now been fully implemented. Under the terms, Barrick will make a payment of approximately $430 million to the state. In a concurrent legal decision, a court ordered the release of 3 tons of gold that had been previously seized by local authorities.

The net financial impact for the miner appears limited. The value of the returned gold inventory is estimated at roughly $400 million, resulting in a minimal net charge. Furthermore, four detained company employees have been released.

Should investors sell immediately? Or is it worth buying Barrick?

This settlement allows market attention to return to Barrick's underlying operational performance. The company demonstrated resilience in its other assets during the West African disruption, posting Q3 revenue of $4.1 billion. With the Loulo-Gounkoto complex—historically a major contributor to total production—now fully operational, analysts suggest Barrick may reaffirm or even raise its 2026 production guidance.

Market Reaction and Technical Perspective

Barrick's stock currently trades at $43.93, hovering just below its 52-week high of $44.38. The removal of the Mali-specific risk is viewed as a positive catalyst for the equity's valuation. Institutional investors, including Vanguard, have maintained or increased their holdings throughout the period. Options market activity for January 2026 expiries points to a constructive near-term outlook, with call volume outweighing puts.