Barrick Gold Corporation GOLD has stated that it remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. Furthermore, an interim attachment order has been issued against the current gold stock on site,

BARRICK Gold said on Monday it would have “no choice” but to temporarily suspend Loulo-Gounkoto if Mali’s government failed to lift new restrictions placed on the Mali mine “within the coming week”. In December,

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.

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 remains committed to constructive engagement with the Government of Mali to resolve the existing disputes amicably.” - Mark Bristow

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.

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.

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.

The standoff in Mali, coupled with threats by Burkina Faso's military junta to revoke mining permits and the seizure of a French-operated uranium site in Niger, has raised concerns among Western mining companies.