After Barrick Mining (B) announced a resolution of all its disputes with the Government of Mali over the Loulo-Gounkoto mine, Jefferies expects the company will have to pay back taxes and believes the mine restart and ramp up could take about 6 to 12 months. Based on the firm’s discussions, most investors are assigning zero value to the mine, which presents “potential valuation upside,” says the analyst, who has a Buy rating and $46 price target on Barrick shares.
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