Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday. The Toronto-based miner said it has been assured by Mali that gold worth about $245 million seized by authorities still belongs to the company,

The ongoing negotiations between the government of Mali and Canada's Barrick Gold Corp. (NYSE:GOLD) over payments from the nation's largest gold mine have been put on hold, according to Bloomberg report on Tuesday.

Mali and Barrick Gold Corp.’s negotiations to end a protracted dispute over payments from the country’s biggest gold mine have been suspended, according to people familiar with the government’s position.