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Benzinga
Benzinga
Business
Stjepan Kalinic

Mali To Finance Barrick's Mine Restart By Selling Seized Gold

Barrick Gold Mali Barrick Mining Mining Mark Bristow
Barrick,Logo,On,Phone,,Blurred,Gold,Bars,On,The,Background,

The Malian government is reportedly moving to sell $107 million worth of seized gold from Barrick Mining's (NYSE:B) Loulo-Gounkoto mine complex to fund the site's restart following a nearly six-month suspension of operations.

According to sources cited by Reuters, court-appointed administrator Soumana Makadji plans to sell one metric ton of stored gold to cover essential expenses, including salaries, fuel, and contractor payments.

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