BAMAKO, Mali – The Government of the Republic of Mali has reached a landmark agreement with Canadian mining giant Barrick Gold, bringing an end to a prolonged dispute over the operation of the Loulo-Gounkoto gold mine.
On Monday, 24 November 2025, officials from Mali’s Ministry of Economy and Finance, together with representatives from the Ministry of Mines, received a high-level delegation from Barrick Gold at the Finance Hotel in Bamako. The delegation was led by company administrator Mamadou Samake.
The settlement marks a significant step in stabilizing one of Mali’s key gold-producing assets, ensuring continued operations and protecting the economic interests of the country. Details of the agreement were not fully disclosed, but sources indicate that it addresses operational, financial, and regulatory matters, paving the way for long-term collaboration between the Malian government and Barrick Gold.
The Loulo-Gounkoto complex, a major contributor to Mali’s gold output, has faced operational uncertainties in recent months, affecting both production forecasts and investor confidence. The resolution of this dispute is expected to reassure stakeholders and strengthen Mali’s position in the global mining sector.
📷 Ministry of Mines
