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Barrick Gold Secures 10-Year Loulo Permit Extension in Mali

2/17/2026

35 3 Full Breakdown

Summary

Story summary

Barrick Gold Corporation (Barrick) gains a 10-year extension to its Loulo mining permit after resolving profit-sharing and control disputes.
The extension is triggered by Mali's 2023 mining code and allows Barrick to withdraw its World Bank arbitration.
Mali will drop legal charges and restore Barrick's operational control.
Feasibility confirms six years open-pit and 16 years underground reserves.
Loulo-Gounkoto revenue in 2024 nears $900 million.

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Story summary

Barrick Gold Corporation (Barrick) gains a 10-year extension to its Loulo mining permit after resolving profit-sharing and control disputes.
The extension is triggered by Mali's 2023 mining code and allows Barrick to withdraw its World Bank arbitration.
Mali will drop legal charges and restore Barrick's operational control.
Feasibility confirms six years open-pit and 16 years underground reserves.
Loulo-Gounkoto revenue in 2024 nears $900 million.