Barrick Denies Mali Government's Claims Of Commitment Breach; Engages In Negotiations For Settlement Framework, Including Increased State Benefits From Loulo-Gounkoto Complex, Following $85M Payment
Portfolio Pulse from Benzinga Newsdesk
Barrick Gold is in negotiations with the Mali government following claims of a commitment breach. The discussions focus on a settlement framework that includes increased state benefits from the Loulo-Gounkoto complex, after Barrick made an $85 million payment.
October 24, 2024 | 8:13 pm
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Barrick Gold is negotiating with the Mali government over claims of a commitment breach, focusing on a settlement that includes increased state benefits from the Loulo-Gounkoto complex.
The news involves Barrick Gold's operations in Mali, specifically the Loulo-Gounkoto complex. While the negotiations could lead to increased costs or changes in revenue sharing, the outcome is uncertain, leading to a neutral short-term impact on the stock price.
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