10:20 AM EST, 11/25/2025 (MT Newswires) -- Barrick Mining ( B ) agreed to pay 244 billion CFA francs ($428.9 million) to Mali to settle a two-year dispute over the company's Loulo-Gounkoto gold mining operations, Bloomberg reported Tuesday, citing people familiar with the matter.

The company will pay 144 billion CFA francs within six days of signing the deal with Mali's government, while 50 billion CFA francs will be via VAT-credit offsets, and the remainder was paid last year in an installment, the report said.

Barrick said Monday in a statement it agreed to end all disputes with Mali over the Loulo and Gounkoto mines. Settlement payment details weren't disclosed.

Barrick did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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