Barrick Gold Corp. closed C$6.86 below its 52-week high of C$29.50, which the company reached on October 21st.

Barrick Gold Corporation has halted its operations in Mali after the government seized gold stocks worth $245 million Cdn from the company's Loulo-Gounkoto complex.

Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to suspend its operations in the country.

Barrick Gold Corp. closed C$6.81 below its 52-week high of C$29.50, which the company achieved on October 21st.

Barrick Gold is suspending mining operations in Mali after the government seized gold stockpiles and issued an arrest warrant for Barrick's CEO. Bloomberg's William Clowes reports from Johannesburg. (

Barrick Gold Corporation GOLD recently stated that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Furthermore, the Malian government has executed the interim attachment order on the gold by transferring the current gold stock from the location to a custodial bank,