Barrick Gold's gold production reached 1.08 million ounces, slightly exceeding the estimate of 1.05 million ounces. In a separate development, Barrick Gold reached a significant agreement with the Malian government, potentially resolving a lengthy dispute over the Loulo-Gounkoto mine. This agreement involves a compensation payment of approximately $438 million to Mali, which is expected to facilitate the resumption of mining operations. Furthermore, UBS upgraded Barrick Gold's stock rating from Neutral to Buy, setting a price target of $22.00, citing a positive outlook on gold and Barrick's relative performance. In contrast, Raymond (NSE: RYMD ) James adjusted its price target for Barrick Gold to $23.00, down from $24.00, while maintaining an Outperform rating, noting the company's strong cash flow from high-quality assets.