Loulo-Gounkoto complex. (Image by Barrick Gold).
Malian tax officials have unlocked Barrick’s (NYSE: B; TSX: ABX) Bamako headquarters, nearly two months after sealing the doors over an alleged multi-million-dollar tax shortfall, Reuters reported on Monday.
The office will now be run by a court-appointed administrator while the Canadian miner and Mali’s junta government continue wrangling over the country’s 2023 mining code.
Former health minister Soumana Makadji was named provisional administrator of the complex last week.
Barrick says it will appeal both his appointment and the wider court order that put the flagship Loulo-Gounkoto gold complex under state control.
Barrick’s New York-listed shares rose 2% to $21.39 in early Monday trade, valuing the company at about $37 billion.
Mine still idle
Loulo-Gounkoto, once delivering more than half a million ounces of gold a year, has been…
