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Stock impact report

Exclusive-Barrick Gold contractors in Mali lay off staff amid government dispute -documents, sources [Yahoo! Finance]

Gold.com, Inc. (GOLD) 
Last gold.com, inc. earnings: 2/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: randgoldresources.com
Company Research Source: Yahoo! Finance
in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according to documents seen by Reuters and people familiar with the matter. Some of the subcontractors said they have not received any payments from Barrick for months. The layoffs indicate that the dispute between the world's No. 2 gold producer and the West African nation is not expected to end anytime soon. Operations at Barrick's Loulo-Gounkoto complex, a major source of gold production for the Toronto-based company and the largest mining operation in Mali, have been suspended since January after the government seized around 3 metric tons of gold stock from it, accusing the company of not fulfilling its tax obligations. Mali's government, which took power after coups in 2020 and 2021 and introduced a new mining code in 2023, had been blocking the company's gold exports since early November. Boart Longyear's local subsidiary, BLY Mali, said in a letter dated Friday that it wa Show less Read more
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