Barrick Reaches Deal With Mali to Regain Giant Gold Mines

Barrick Mining Corp. struck a deal with Mali’s government to end a two-year dispute that shuttered one of the company’s most important gold mining operations. Its stock jumped to a 13-year high.

The Canadian company will regain operational control over the Loulo-Gounkoto complex and withdraw its arbitration claims against the West African country, Barrick said in a Monday statement. Mali, in turn, will drop its charges against Barrick and take legal steps to release four employees jailed during the dispute with the government.