Barrick Gold Corporation has halted its operations in Mali after the government seized gold stocks worth $245 million Cdn from the company's Loulo-Gounkoto complex.

CBC News

Canada

Barrick Gold suspends operations in Mali after government seizes gold stocks

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Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite, two sources said, as the miner pursues plans to suspend its operations in the country.

Times Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

South Africa

Mali holding seized Barrick gold at state-owned bank BMS: sources

In the Sahel region, gold mining accounts for over 90% of Mali’s exports, highlighting its critical economic role. However, military-led governments in Mali, Burkina Faso, and Niger are now seeking to reclaim control over these valuable resources. Their goal is to reduce reliance on foreign companies. Barrick Gold, a major Canadian mining firm, temporarily suspended […]

The Rio Times

Brazil

Sahel's Gold Rush: Military Juntas Seize Control Amid Foreign Tensions

Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its price objective reduced by investment analysts at National Bankshares from C$26.00 to C$24.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. National Bankshares’ price objective indicates a potential upside of 5.63% from the company’s current price. A number of other research analys…

modernreaders.com

Barrick Gold (TSE:ABX) Given New C$24.00 Price Target at National Bankshares

TD Cowen reissued their buy rating on shares of Barrick Gold (TSE:ABX – Free Report) (NYSE:ABX) in a research report report published on Tuesday morning,Stock Target Advisor reports. The firm currently has a C$36.00 price objective on the basic materials company’s stock. A number of other analysts have also recently issued reports on ABX. Royal […]

ETF Daily News

Barrick Gold’s (ABX) Buy Rating Reiterated at TD Cowen

The world’s second-largest gold miner Barrick Gold has been forced to halt gold mining operations at Mali’s Loulo-Gounkoto mine after the government temporarily seized gold stocks from the site and placed them in a local bank. The move comes as the government believes the company is failing to meet the terms of a contract that calls for a fairer distribution of the mine’s wealth for all parties. The dispute between Mali and Barrick dates back se…

L’azienda di estrazione mineraria Barrick Gold, la seconda più importante al mondo, ha dovuto interrompere le operazioni di estrazione dell’oro dal complesso minerario di Loulo-Gounkoto, in Mali, dopo che il governo ha sequestrato provvisoriamente le scorte estratte dal sito e le ha messe sotto custodia in una banca locale. La decisione è giunta in quanto il governo ritiene che l’azienda non stia rispettando i termini di un contratto che prevede…

Il Mali ha iniziato a sequestrare l’oro alle multinazionali straniere

Mali has begun seizing gold from foreign multinationals

Canada's Barrick Gold has confirmed the suspension of its operations in Mali after the government seized gold stocks from the Loulo-Gounkoto mining complex.The post Barrick Gold suspends operations in Mali after $245m gold seizure appeared first on Mining Technology.

Mining Technology | Mining News and Views Updated Daily

Barrick Gold suspends operations in Mali after $245m gold seizure

Barrick on Tuesday confirmed it had suspended operations in the West African country.

Barrick Gold suspends operations in Mali after government seizes gold stocks

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