The Mali-based Loulo-Gounkoto complex includes Loulo underground mines, Yalea Gara and the Gounkoto open pit mine. (Image by Randgold Resources)
Barrick Mining has removed its Mali gold complex from its overall output forecast for 2025, four sources told Reuters, adding to fallout from a two-year dispute over new mining legislation aimed at boosting the West African country’s revenue.
Operations at the Loulo-Gounkoto gold complex, one of the Canadian miner’s largest gold assets in Africa, have been suspended since January after the military-led government blocked gold exports by the world’s third-largest miner of the precious metal, detained staff and seized three metric tons of stock during separate negotiations over a new mining contract with Barrick.
At stake for both sides is the opportunity to realize revenues worth at least $1 billion this year due to record high gold prices . Mali…
