Barrick Gold Corporation has successfully concluded a multi-year dispute with Mali’s military government, recovering three tons of confiscated gold valued at $400 million. In a separate but concurrent development, the mining giant has secured crucial logistical infrastructure for its major copper-gold venture in Pakistan. The company’s equity has responded positively, posting a 170% gain for the year 2025.
Strategic Logistics Agreement for Reko Diq
Significant advancements have been made at the Reko Diq copper-gold project in Pakistan. On December 15, 2025, a definitive agreement was signed with the Pakistan International Bulk Terminal (PIBT) to manage the logistics and export of mineral concentrates.
Key project parameters include:
- Annual Export Capacity: 4 million tonnes
- Production Commencement: 2028
- Project Location: Balochistan Province
Company leadership views this contract as a pivotal milestone in unlocking the project’s inherent value, ensuring a clear pathway to market for future production.
West African Standoff Reaches Resolution
In Mali, a breakthrough was achieved when the government released gold from the Loulo-Gounkoto complex. This followed Barrick’s agreement to make a payment of 244 billion CFA francs (approximately $430 million) to the state. As part of the settlement, the company withdrew its international arbitration claim.
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The resolution led to the release of four detained employees. Operations at the complex, which had been severely hampered by diplomatic tensions and the seizure since January 2025, are expected to resume full production imminently. This agreement removes a substantial overhang of operational uncertainty in the region.
Share Performance and Valuation Metrics
Barrick’s stock performance has been robust, appreciating by 170% year-to-date in 2025. The company recently distributed a quarterly dividend of $0.175 per share, which annualizes to $0.70. At a current share price of $43.09, this translates to a dividend yield of 1.6%.
The bullish environment for gold, with the metal trading at $4,313 per fine ounce, continues to support healthy operating margins. Barrick shares trade at a price-to-earnings (P/E) ratio of 20.3, which sits below the industry average of 24.5. A discounted cash flow (DCF) model from Simply Wall St. suggests a fair value estimate of $124.73 per share, indicating a potential upside of roughly 65% from current levels.
Market analysts predominantly rate the stock as a “Moderate Buy.” The consensus price target stands at $47.17, with Canaccord Genuity citing a achievable target of $57. Institutional ownership remains high, with firms including Vanguard and Arrowstreet Capital collectively holding 90.82% of outstanding shares.
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