Chris Helgren/Reuters

Barrick Mining Corp. ABX-T has resolved a long-standing dispute with the government of Mali that had idled one of its biggest gold mines.

The Toronto-based gold miner on Monday said that the pact with the West African country will see control of the Loulo-Gounkoto mining complex handed back to Barrick. 

Barrick in turn is withdrawing its arbitration claims with the International Centre for Settlement of Investment Disputes (ICSID).

The Canadian gold miner has been in turmoil for months since it shocked the market by abruptly cutting ties with CEO Mark Bristow. The Globe and Mail reported that Mr. Bristow repeatedly clashed with Barrick’s chairman, John Thornton, before his exit.

The Malian mines were brought into the Barrick portfolio after the company bought Randgold Resources Ltd. in 2019, the African-centric miner that was founded and run by Mr. Bristow.

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