The Loulo-Gounkoto complex in Mali. (Image by Barrick Gold).
A Malian court has, for the third time, postponed a hearing on whether to place Barrick’s (TSE: ABX, NYSE: B) Loulo-Gounkoto gold complex under provisional administration, Reuters reported on Monday.
The decision has been delayed until June 5, according to Issa Aguibou Diallo, a judge at Bamako’s Tribunal de Commerce, who made the announcement during proceedings without providing a reason.
Shares of Barrick rose 5.8% to C$27.84 on the Toronto Stock Exchange on Monday, giving the company a market capitalization of approximately C$47.85 billion ($34.89 billion).
The Canadian mining giant has been embroiled in a legal dispute with the West African nation over taxes and ownership following the suspension of operations at the complex in January.
Operations were halted after the government seized approximately three tonnes of gold, accusing…
