TORONTO, Nov. 24, 2025 (GLOBE NEWSWIRE) — Barrick Mining Corporation (NYSE:B) (TSX:ABX) (“Barrick” or the “Company”) today announced that it has entered into an agreement that brings to an end all of its disputes with the Government of the Republic of Mali regarding the Loulo and Gounkoto mines. All charges brought against Barrick, its affiliates and employees will be dropped and legal steps will be taken to release the four detained Barrick employees. In addition, temporary management of the Loulo-Gunkoto complex will cease, after which operational control of the complex will be returned to Barrick. This will pave the way for constructive movement forward. As a result of the settlement, Barrick's subsidiaries will withdraw their arbitration claims pending before the International Center for Settlement of Investment Disputes (ICSID).
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of long-lived, world-class gold and copper assets in the industry, including six Tier 1 gold mines in the world, Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick's shares are traded on the New York Stock Exchange under the symbol “B” and on the Toronto Stock Exchange under the symbol “ABX.”
Investor Relations Contacts
Barrick Mining Corporation
Cleve Rückert, +1 775 397 5443
[email protected]
Media Contact
Brunswick Group
Carol Cable, +44 (0) 7974 982 458
[email protected]
Cautionary Statement Regarding Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information regarding our strategies, projects, plans or future financial or operating performance, constitute “forward-looking statements.” All statements other than statements of historical fact are forward-looking statements. The words “will,” “way forward” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements with respect to, among other things: the terms of Barrick's settlement with Mali, including the dismissal of criminal charges and the release of detained employees, the termination of the interim administration and transfer of operational control, and the withdrawal of pending ICSID claims.
Forward-looking statements are necessarily based on a number of estimates and assumptions, including significant estimates and assumptions related to the factors set forth below, which, although considered reasonable by the Company as of the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors may cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local laws, taxation, controls or regulations and/or changes in the application of laws, policies and practices; expropriation or nationalization of property or political or economic events in Mali and other jurisdictions in which the Company or its affiliates do or may in the future do business; fluctuations in spot and forward prices for gold, copper or certain other commodities (such as diesel fuel, natural gas and electricity); the speculative nature of mineral exploration and development; changes in mineral production rates, exploitation rates and exploration progress; risks associated with supply route disruptions that could cause delays in construction and mining operations, including disruptions in the supply of key mining inputs due to Russia's invasion of Ukraine and conflicts in the Middle East; the risk of losses resulting from hostilities, terrorism, sabotage and civil unrest; risks associated with new diseases, epidemics and pandemics; judicial and judicial and administrative proceedings; labor relations, including the loss of key employees; increased costs and physical and transition risks associated with climate change, including extreme weather events, resource shortages, new policies and increased regulations regarding greenhouse gas emission levels, energy efficiency and risk reporting; and availability and increasing costs associated with resources and labor for the mining industry. In addition, there are risks and hazards associated with mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, floods and losses of gold bullion, copper cathode or gold or copper concentrate (as well as the risk of insufficient insurance or inability to obtain insurance to cover these risks).
Many of these uncertainties and contingencies could affect our actual results and cause actual results to differ materially from those expressed or implied by any forward-looking statements made by us or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this press release are qualified by these cautionary statements. For a more detailed discussion of certain factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release, specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and the Canadian provincial securities regulators.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
