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Barrick could suspend operations at Mali mine
Gold miner Barrick threatens to freeze Mali operations in escalating dispute
Canada's Barrick Gold said on Monday it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.
Barrick Gold Facing Mali Export Restrictions, May Halt Mine Operations
Major miner Barrick Gold (TSX:ABX,NYSE:GOLD) remains unable to export gold from its Loulo-Gounkoto mining complex in Mali due to ongoing restrictions imposed by the country's government. In a Monday (January 6) press release,
Barrick Says Mali Has a Week to Avoid Gold-Mine Shutdown
Barrick Gold Corp. said it will have to halt mining in Mali soon if the government doesn’t stop disrupting exports and operations at its mine.
Barrick may temporarily suspend Mali operations as gold shipments remain blocked
The situation in Mali is further complicated by threats from Burkina Faso's junta to strip mining permits and the seizure of a French-run uranium site in Niger.
Barrick Update on Loulo-Gounkoto Operations in Mali
TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (NYSE:GOLD)(TSX:ABX) 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.
Barrick Gold Warns About Production Suspension In Mali
Barrick Gold warns of potential suspension at Loulo-Gounkoto mining complex in Mali due to government's gold shipment restrictions. CEO calls situation "unwarranted" and "deeply regrettable." Other foreign miners also facing issues.
Barrick Gold Faces Operational Challenges in Mali
An update from Barrick Gold ( (TSE:ABX) ) is now available.
Barrick to halt Mali mine amid fresh export restrictions
Barrick Gold (NYSE:GOLD) (TSX:ABX) has given Mali a week to remove gold exports limits and resolve a dispute over its Loulo-Gounkoto mining complex, in response to the country extending its shipping ban to include the site’s on-hand stock of the precious metal.
Barrick Set to Suspend Mali Operations as Gold Shipments Remain Halted
Barrick in December filed a request for arbitration to the International Centre for the Settlement of Investment Disputes over the situation in Mali. Local operations in Mali have deteriorated in recent months, with several of the mining operation's employees imprisoned and the movement of gold frozen.
Barrick Gold provides update Loulo-Gounkoto operations in Mali
Barrick Gold (GOLD) remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment
Barrick could suspend operations at Mali mine if shipping restrictions not resolved
Barrick Gold Corp. says if its inability to ship gold from its Loulo-Gounkoto mine in Mali is not resolved within the coming week it will have to temporarily suspend operations at the mine.
Elko Daily Free Press
7h
Barrick gives Mali deadline for mine suspension
The government in Mali continues to restrict gold shipments from the Loulo-Gounkoto mining complex and has issued an attachment against existing gold stock that Barrick stated further prevents its exp ...
1d
Barrick Gold: Underestimated Potential Amid Political Uncertainty
Barrick Gold has strong financials, a stable dividend, and a robust balance sheet. See why I rate GOLD stock as a buy.
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