Barrick-Mali mining deal ends long dispute, lifts stock to 5%

• Barrick regains control of Loulo-Gounkoto gold complex
• Mali drops charges as company withdraws arbitration

BAMAKO, MALI – Barrick Mining shares jumped 5% after the gold giant said it had struck a sweeping deal with the Mali government to end all disputes over its flagship Loulo and Gounkoto mines.

Barrick Mining Corporation said the agreement restores its full operational control of the Loulo-Gounkoto complex, ends temporary state administration and secures the release of four detained employees.