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Barrick Gold Says It Remains Restricted From Shipping Gold From Its Loulo-Gounkoto Mining Complex In Mali

Benzinga ·  Jan 6 20:09

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.

Barrick believes the interim attachment order is unwarranted and is in contravention of the agreed dispute resolution mechanisms.

If this issue is not resolved within the coming week, Barrick will have no choice but to temporarily suspend operations at Loulo-Gounkoto. Such an action would be deeply regrettable but necessary, as previously reported.

The company noted the situation was further compounded by the continued detention, on unfounded charges, of several of Barrick's Malian employees and the company was actively working to secure their release and ensure their well-being.

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