Barrick Gold To Temporarily Suspend Mining Operations In Loulo-Gounkoto, Mali

rttnews
2025.01.14 11:59

Barrick Gold Corp. has temporarily suspended operations at its Loulo-Gounkoto mining complex in Mali due to an interim attachment order by the Mali government. This order has resulted in the transfer of existing gold stock to a custodial bank, halting the shipment and sale of gold. Barrick Gold is committed to engaging with the government to resolve the disputes.

Barrick Gold Corp. (GOLD), a Canadian miner, revealed on Tuesday that it has temporarily suspended operations at its Loulo-Gounkoto mining complex in Mali.

This follows the execution of the interim attachment order by the Mali government that moved the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the gold.

Earlier, the Mali government had restricted the miner from shipping gold from the Loulo-Gounkoto mining complex.

However, Barrick Gold noted that it is committed to constructive engagement with the government to resolve the existing disputes.

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