How the Loulo Mine Restart in Mali Will Impact Barrick Mining (TSX:ABX) Investors

Simply Wall St
  • Barrick Mining has restarted blasting operations at its Loulo underground gold mine in Mali after a four-month suspension prompted by a dispute with the military-led government over proposed regulatory changes, including increased taxes and greater state ownership.
  • This resumption eases prior uncertainty around the mine's output and reflects progress in resolving operational risks tied to political intervention in key African assets.
  • We'll now consider how the restart of Loulo operations in Mali may influence Barrick Mining's investment outlook and production stability.

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Barrick Mining Investment Narrative Recap

Barrick shareholders are generally aligned with the idea that large-scale gold and copper mining in resource-rich regions can deliver long-term returns, though they need to be comfortable with periodic operational and political risks. The Loulo mine’s restart in Mali reduces near-term disruption to production, but the situation underscores that exposure to geopolitically unstable countries remains a pressing variable for Barrick, with political intervention still the dominant short-term risk to output stability.

Recent executive changes, including the appointment of Mark Hill as Interim CEO following Mark Bristow’s departure, are particularly relevant, as consistent leadership is critical during periods when jurisdictional risk is elevated and mines like Loulo return to operation. As the company balances these transitions, upcoming project milestones and any further clarity from Mali will continue to factor into how investors assess both risk and opportunity in Barrick’s outlook.

Yet investors must not overlook that, despite the positive headlines, Barrick’s exposure to regulatory changes in Africa means that...

Read the full narrative on Barrick Mining (it's free!)

Barrick Mining is forecast to reach $19.4 billion in revenue and $5.0 billion in earnings by 2028. This outlook is based on analysts’ assumptions of 11.9% annual revenue growth and a $2.2 billion increase in earnings from the current $2.8 billion.

Uncover how Barrick Mining's forecasts yield a CA$48.36 fair value, a 3% upside to its current price.

Exploring Other Perspectives

TSX:ABX Community Fair Values as at Oct 2025

Fifteen members of the Simply Wall St Community peg Barrick’s fair value between CA$27 and CA$60 per share, showing significant diversity in expectations. While you weigh these differing views, keep in mind the company’s ongoing focus on expansion projects could reshape its future as output resumes in Mali.

Explore 15 other fair value estimates on Barrick Mining - why the stock might be worth as much as 28% more than the current price!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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