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    Barrick–Mali dispute resolved: mine life and design takeaways for engineers

    November 24, 2025|

    Reviewed by Tom Sullivan

    Barrick–Mali dispute resolved: mine life and design takeaways for engineers

    First reported on MINING.com

    30 Second Briefing

    Barrick Gold’s share price has jumped to a new 52‑week high after the company resolved a long‑running dispute with the government of Mali over its Loulo‑Gounkoto gold complex. The agreement secures continued operation of the underground and open‑pit mines, which together have historically produced in the order of hundreds of thousands of ounces of gold per year, and clarifies fiscal and ownership terms with the state miner Société des Mines d’Or de Loulo SA. For mine planners and geotechs, the deal stabilises the investment horizon for ongoing underground development, tailings expansion and pit slope design work in western Mali.

    Technical Brief

    • Regulatory certainty reduces discount rates used in life‑of‑mine optimisation and cut‑off grade selection.

    Our Take

    Barrick’s dispute resolution in Mali stands out in our mining coverage, which otherwise has relatively few items involving West African jurisdictional risk compared with Australia and North America, suggesting investors may be reassessing perceived sovereign risk premia in the region.

    A new 52‑week high for Barrick’s share price gives it a stronger equity currency for any future project-level spending or M&A, which is notable in our database where several other gold majors have been constrained by weaker valuations when negotiating asset deals.

    Among the 82 Projects‑tagged pieces in our database, most price-sensitive events are tied to permitting or construction milestones rather than fiscal or legal disputes, so this Mali outcome may encourage other operators facing government stand-offs to pursue negotiated settlements earlier in the project life cycle.

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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