Barrick halts Mali operations amid gold seizure dispute

Barrick Gold Corp (ABX.TO) has confirmed the suspension of its mining operations in Mali after the government seized gold from the company’s Loulo-Gounkoto site and transferred it to a bank.

The move follows a longstanding dispute between the Canadian mining giant and Malian authorities. According to reports, the seized gold is valued at approximately $245 million, though Barrick has not disclosed the exact amount taken.

“In light of recent developments, Barrick has regrettably initiated a temporary suspension of operations while continuing efforts to resolve the matter,” the company stated.

Malian government officials have not yet responded to requests for comment.

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