A significant source of operational uncertainty for Barrick Gold has been resolved, marking a pivotal moment for the mining giant’s prospects in West Africa. The settlement of a protracted dispute over seized assets has been met with pronounced buying activity from major financial institutions, signaling renewed confidence.
Institutional Investors Amplify Stakes
The returning market confidence is most evident in the actions of large-scale investors. Regulatory filings dated December 21 reveal that asset managers, including Red Door Wealth Management, increased their holdings in the third quarter by more than 50%. This accumulation has contributed to a current ownership structure where institutional investors now control over 90% of the company’s shares.
This robust institutional interest is underpinned by a solid recent financial performance. Barrick reported third-quarter revenue of $4.19 billion, a year-over-year increase of 23.2%. The company also surpassed analyst expectations, posting earnings per share of $0.58.
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Mali Dispute Reaches Final Resolution
The core driver behind this positive shift is the conclusive settlement regarding the Loulo-Gounkoto complex in Mali. A comprehensive agreement, finalized in November, has led to a decisive court order. Over the weekend, a Malian judge mandated the return of three tons of gold to Barrick. This stockpile, valued at approximately $400 million, had been confiscated by authorities via helicopter in January 2025.
As part of the settlement terms, Barrick made a payment of $430 million to the Malian state. In exchange, the company secured the release of four imprisoned employees and regained full operational control of its mines. In a statement yesterday, the International Monetary Fund (IMF) noted that this resolution should help stabilize production levels for 2026.
Market Outlook and Strategic Focus
With the stock closing at $44.77 on Friday, market analysts see further potential, citing an average price target of $47.17. The restitution of the gold reserves and the political settlement in Mali allow Barrick to redirect its full attention for the 2026 fiscal year toward operational efficiency and capital returns.
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