Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
2 days ago · Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the ...
Barrick Gold suspends operations in Mali after government seizes gold …
10 hours ago · Loulo-Gounkoto accounts for around 14 per cent of Barrick's estimated 2025 gold output, while gold is Mali's top foreign currency earner, accounting for more than 80 per cent of total exports in 2023.
Barrick Gold suspends operations in Mali after $245m gold seizure
16 hours ago · Military governments in Mali, Burkina Faso and Niger are currently seeking to renegotiate terms to secure a larger share of mining revenue amid record-high gold prices. "Barrick Gold suspends ...
Barrick - Operations - Loulo-Gounkoto
Dec 13, 2023 · The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé River. Société des Mines de Loulo SA (Loulo) owns the Loulo gold mine, and Société des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine.
Barrick Update on Loulo-Gounkoto Operations in Mali
Jan 6, 2025 · Barrick remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment order has now been issued against the existing gold stock on site which further prevents its export and disrupts normal operations.
Exclusive: Barrick to suspend operations in Mali after gold seized ...
2 days ago · Mali seizes $245 million in gold from Barrick's Loulo-Gounkoto complex -sources; Court order says Barrick-run mines owe $5.5 billion to Mali's economy ministry
Barrick halts operations in Mali after $245m in gold seized
1 day ago · Mali, Africa’s second-largest gold producer, depends on the metal for 80% of its exports. ... developed during Bristow’s tenure as CEO of Randgold before its acquisition by Barrick in 2018, is ...
Barrick to Shutter Mali Gold Mine as Standoff Escalates
1 day ago · Barrick Gold Corp. said it’s suspending mining operations in Mali after the government started removing gold from the nation’s biggest mine in the latest escalation of a months-long dispute.
Barrick suspends operations in Mali after $245-million worth of gold …
1 day ago · The Loulo-Gounkoto complex, which is 80 per cent owned by Barrick and 20 per cent by Mali, produced more than 420,000 ounces of gold during the first nine months of 2024.
Mali starts seizing gold stocks at Barrick site, company memo says
2 days ago · Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may ...