The Loulo Gounkoto gold mine in Mali, operated by Barrick Gold, is set to resume production after a long-standing negotiation between the mining company and the Malian government of Bamako. This agreement comes after years of tensions and is expected to have a substantial impact on Mali's economy, given the mine's strategic importance. The resumption of operations at this site could significantly boost the country’s revenue streams, which have been affected by disruptions in recent years.

According to Barrick Gold's financial report, the expected production for the year 2026 is projected to be between 260,000 and 290,000 ounces of gold. While this is considerably lower than the mine's peak output of approximately 720,000 ounces in 2024, the resumption of any level of production is seen as a positive development for both Barrick Gold and the Malian government, which holds a 20% stake in the mine's operations. This step towards normalization in operations indicates a shift that could foster further investments and stability in the mining sector in Mali.

The agreement not only highlights the challenges faced by foreign companies in Mali but also underscores the importance of resource management and the need for agreements that align the interests of both the government and the operating companies. As the gold market continues to evolve, the dynamics of this partnership will be crucial for Mali's economic recovery efforts and its long-term economic strategy, particularly in the face of ongoing political and social challenges in the region.