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Mali plans to sell gold reserves at Barrick complex to fund restart operations
By Divya Rajagopal, Portia Crowe, and Tiemoko Diallo
Reuters
Tuesday, July 8, 2025
The Malian court-appointed administrator of Barrick Mining's Loulo-Gounkoto complex plans to sell one metric ton of gold from the site's storeroom as operations commence again after an almost six-month suspension, two sources told Reuters.
Canadian miner Barrick Gold temporarily halted mining operations in January after the Malian government seized gold stocks from the Loulo-Gounkoto complex.
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Former health minister Soumana Makadji, appointed as temporary administrator last month, enlisted the state mining company's chairman and former Loulo-Gounkoto executive Samba Toure to help with operations, two sources said.
The site accounted for 15% of gold output from Barrick, the world's third-largest gold miner, before the suspension, which has affected national gold output and reflects a broader conflict between Mali and international miners. ...
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