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Barrick Cuts 2025 Gold Forecast as Mali Standoff Deepens Over Mining Rights

Barrick Mining has excluded its Mali gold complex from its 2025 production targets following a major dispute with Mali’s government over new mining laws.

The Loulo-Gounkoto complex, which represents 14% of Barrick’s total output, has been shut down since January after Mali blocked gold exports and detained staff.

The dispute centers on revenue sharing and legal jurisdiction, with Mali seeking greater control and domestic court oversight. Despite ongoing negotiations, a Mali court is set to decide whether to appoint a provisional administrator, which would effectively remove Barrick’s control over the mines.

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