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barrick gold faces analyst downgrade amid rising cost concerns and production risks
Barrick Gold Corp. faces a downgrade from UBS, shifting from "Buy" to "Neutral," with a revised price target of $22.00 due to rising cost risks and weaker-than-expected production. Despite maintaining its 2024 production guidance, concerns over potential cost increases and lower output have led to a cautious outlook. The company continues to demonstrate financial stability, maintaining a strong market capitalization and a long-standing commitment to dividend payments.
mali threatens to revoke barrick gold's loulo mine permit in 2026
Mali's military government has threatened to allow Barrick Gold Corp.'s Loulo mine permit to expire in February 2026 amid a dispute over the division of economic benefits. Finance Minister Alousseni Sanou indicated that Mali may not renew the operating permit and has invited Barrick to discussions on the mine's transition phase later this month.
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