Mali holding seized Barrick gold at state-owned bank BMS, sources say
Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to suspend its operations in the country.
Mali Authorities Seize Gold in Dispute with Barrick Gold
Malian authorities have confiscated about 3 metric tons of gold from Barrick Gold's Loulo-Gounkoto mining site due to an ongoing dispute. The gold, valued at $245 million, is now held at Banque Malienne de Solidarite.
Options Traders React to Barrick Gold's Mali Setback
Shares of Barrick Gold were last seen 0.3% higher at $15.75, but remain down 21.1% over the past three months. GOLD faces resistance at the $16 level and its 30-day moving average, though the $15 mark has recently provided support to limit further losses.
Seized Barrick gold now held at state-owned Malian bank BMS, sources say
About 3 metric tons of gold seized from Canadian miner Barrick Gold's Loulo-Gounkoto mining complex in Mali is now being held at state-owned Banque Malienne de Solidarite (BMS), two sources told Reuters.
Mali starts seizing gold stockpiled at Barrick's Loulo-Gounkoto mine
Barrick Gold faces turmoil in Mali as government reportedly executes a provisional order to seize gold stockpiles, threatening operations at Loulo-Gounkoto mine.
Canadian Firm Says Halting Operations At Mali Mine After Gold Seized
Canadian firm Barrick Gold said Tuesday it was temporarily suspending operations at its Loulo-Gounkoto mine in Mali after the junta seized gold stocks from the site amid a months-long revenue dispute.
Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
Barrick remains committed to constructive engagement with the Malian government and all stakeholders to find an amicable solution that ensures the long-term sustainability of the Loulo-Gounkoto mining complex and its vital contribution to Mali’s economy and communities.
Exclusive: Barrick to suspend operations in Mali after gold seized
Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
Mali's Gold Seizure Escalates Tensions with Barrick
The military-led government in Mali seized around three metric tons of gold from Barrick Gold's Loulo-Gounkoto complex, intensifying a dispute over mining contracts. The seized gold, valued at $245 million,
Barrick Gold provides update on Loulo-Gounkoto operations in Mali
Barrick Gold (GOLD) confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali.
Barrick confirms suspension of Mali operations, seizure of gold
Canada's Barrick Gold on Tuesday confirmed it had suspended operations in Mali and that the government had moved gold stock from the miner's Loulo-Gounkoto site to a bank.
Miningreview14h
Barrick temporarily suspends Loulo-Gounkoto operations
Barrick has initiated a temporary suspension of operations at the complex while it continues efforts to resolve the situation ...
StockTalk | Gold Report: Government risk, green flags and a tax benefit
Barrick Gold (TSX:ABX) suspended operations at its Loulo-Gounkoto mining complex in Mali after the Malian government seized ...