What this organisation is
Barrick operates the Loulo–Gounkoto complex around Kéniéba in Mali's western gold belt, the state's fiscal base. A 2023 mining code raising the state's take was followed by a two-year confrontation: provisional administration, an ICSID arbitration, and a settlement reached in November 2025 in which Barrick paid roughly US$430m in total, of which about US$253m went to the state, withdrew its arbitration claims and accepted the new code in exchange for a ten-year permit extension and restored operational control. It regained that control on 18 December 2025 and production resumed in the last days of the year; the Loulo permit was formally renewed for ten years and transferred to its local subsidiary on 13 February 2026, with 2026 guidance of 260,000 to 290,000 attributable ounces.
The organisation whose settlement is the signal to every other foreign operator in the Sahel, and whose restart is the module's test of whether the gold-fiscal base holds through 2026.
Confiance : élevée Au 2026-08Revu le 2026-10-29
Official name: Barrick Mining Corporation
Published facilities
Each is a marker the module already publishes; the relationship is this record’s own claim, with its own grade and source.
- Ceinture aurifère occidentale (Kayes–Kéniéba)Zone d’extraction · région étendue
The Loulo–Gounkoto complex, within the belt the module publishes as a broad marker.
- KéniébaZone d’extraction · région étendue
Each claim carries its own kind. Nothing here is summed, and an announcement never counts as output.
The company's second-quarter report of 10 August 2026 credited an ahead-of-schedule restart at Loulo–Gounkoto as a principal driver of group output above guidance, and booked additional royalties, penalties and interest from the retrospective application of the 2023 Mining Code to the complex for 2024 and 2025. No site-level ounce figure is carried here from that release.
The Loulo permit renewed for ten years and transferred to the local subsidiary on 13 February 2026.
2026 guidance of 260,000 to 290,000 attributable ounces — the company's own figure, not output.
Operational control of Loulo–Gounkoto regained on 18 December 2025; production resumed in the last days of that year.
Systems it belongs to
Commodities and outputs
Or
Owners, controllers and arrangements
Watch questions bearing on it
Ce qui reste inconnu
- No 2026 produced-ounce figure against guidance was read; the record carries the restart and the guidance.
Évalué au — 2026-08 Dernière revue — 2026-10-29