Barrick to halt Mali mine amid fresh export restrictions

Cecilia Jamasmie | January 6, 2025 | 3:44 am

Barrick to halt Mali operations amid fresh exports restriction
The Loulo-Gounkoto gold complex. (Image courtesy of Barrick Gold.)

Barrick Gold (NYSE:GOLD)(TSX:ABX) is facing mounting challenges at its Loulo-Gounkoto mining complex in Mali, as the country has extended its ban on exporting gold to include the site’s on-hand stock of the precious metal.

The fresh restriction, the world’s second-largest gold miner said on Monday, further disrupts operations and casts uncertainty over the future of one of Mali’s most significant mining ventures.

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