Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
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Barrick Gold Corporation is unable to ship gold from its Loulo-Gounkoto mining complex in Mali due to restrictions imposed by the Malian government. The government has executed an interim attachment order, moving the gold stock to a custodial bank.
January 14, 2025 | 11:15 am
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Barrick Gold is facing operational challenges in Mali as the government restricts gold shipments from the Loulo-Gounkoto complex, moving the gold to a custodial bank.
The restriction on gold shipments and the execution of an interim attachment order by the Malian government directly impacts Barrick Gold's operations and revenue from the Loulo-Gounkoto complex. This is likely to have a negative short-term impact on the stock price due to the inability to sell the gold.
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IMPORTANCE 80
RELEVANCE 100