Barrick Announces Resolution of its Disputes with Mali
Barrick Announces Resolution of its Disputes
with Mali
Toronto, November 24, 2025 – Barrick Mining Corporation (NYSE:B)(TSX:ABX ) (“Barrick” or the
“Company”) today announced that it has entered into an agreement which puts an end to 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 the legal steps for the release
of the four detained Barrick employees will be undertaken. Additionally, the provisional administration of
the Loulo-Gounkoto complex will be terminated, following which operational control over the complex will
be handed back to Barrick. This will pave the way for a constructive path forward. As a result of the
settlement, Barrick’s subsidiaries will withdraw the arbitration claims currently pending before the
International Centre 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 world-class and long-life gold and copper assets in the industry—including six of the world’s
Tier One gold mines—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 shares
trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under
the symbol ‘ABX’.
Investor Relations Contact
Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
Media Contact
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
BARRICK MINING CORPORATION PRESS RELEASE
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy,
projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than
statements of historical fact, are forward-looking statements. The words “will” and “path forward” and similar expressions identify
forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation,
with respect to: the terms of Barrick’s settlement with Mali, including the dropping of criminal charges and release of detained
employees, termination of the provisional administration and handover of operational control and withdrawal of pending ICSID
claims.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates
and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of thi s
press re lease 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 could 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 government legisl ation, taxation, controls or regulations and/ or changes in the administration of laws, policies and
practices; expropriation or nationalization of property and political or economic developments in Mali and other jurisdictions in
which the Company or its affiliates do or may carry on business in the future; fluctuations in the spot and forward price of 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 performance, exploitation, and exploration successes; risks related
to disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply
of key mining inputs due t o the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war,
terrorism, sabotage and civil disturbances; risks associated with new diseases, epidemics and pandemics; litigation and legal
and administrative proceedings; employee relations including loss of key employees; increased costs and physical and transition
risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased
regulations related to greenhouse gas emission levels, energy efficiency and reporting of risks; and availability and increased
costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of miner al
exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations,
pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate
insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ material ly
from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future performance. All of the forward- looking statements made in this press
release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40- F/Annual
Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion
of some of the 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.
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.