Barrick Gold Faces Challenges in Mali Operations

Barrick Gold (TSE:ABX) has released an update.

Barrick Gold is facing significant challenges in Mali as efforts to resolve disputes with the government over the Loulo-Gounkoto complex have stalled. The situation has deteriorated with local management facing imprisonment without cause and gold shipments being blocked, potentially forcing a suspension of operations. Despite contributing significantly to Mali’s economy, Barrick’s attempts at negotiation have been rejected, raising concerns about future investment in the region.

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