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Day: July 2, 2023

Successful Partnership Will Keep Gold Shining for Mali

Written by Customer Service on . Posted in Public Companies.

All amounts expressed in US dollars LOULO-GOUNKOTO, Mali, July 02, 2023 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The 26-year-long partnership between Barrick (previously Randgold) and the state of Mali has built the country’s gold mining industry into a world leader and positioned it strongly for further growth, president and chief executive Mark Bristow said here today. Speaking at a media briefing, Bristow said the Loulo-Gounkoto complex, one of the world’s top 10 gold producers, was the biggest business in terms of enterprise value in the whole of West Africa. Together with the Morila mine, the complex has contributed $9.3 billion to the Malian economy and accounted for between 5% and 10% of the country’s GDP over the past 10 years. Loulo-Gounkoto is one of Mali’s largest taxpayers and employers, with...

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