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GOLD-BARRICK GOLD CORP

Barrick Gold Reaches Tentative Agreement with Malian Government to Resolve Revenue Dispute and Resume Operations at Loulo-Gounkoto Mine

Saturday

22 February, 2025

Barrick Gold's tentative agreement with the Malian government marks a pivotal moment in resolving a lengthy dispute that has hindered operations at the Loulo-Gounkoto mine. As the company anticipates a significant revenue boost in 2024, can this resolution pave the way for renewed investor confidence?

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Key Takeaways
  • Barrick Gold Corp. has reached an agreement with the Malian government, ending operational issues at its Loulo-Gounkoto mine.
  • The mine is crucial, producing about 500,000 ounces of gold yearly, impacting Barrick's overall output significantly.
  • A projected revenue of $1.07 billion from Mali in 2024 indicates strong growth prospects for the company.
  • The increase in Barrick's stock price suggests positive investor confidence and market conditions.
  • Rising gold prices further enhance Barrick's potential for improved financial results, making it appealing to investors.
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