07:02 AM EST, 01/14/2025 (MT Newswires) -- Barrick Gold ( GOLD ) on Tuesday said it has initiated the temporary suspension of operations at the Loulo-Gounkoto mining complex in Mali.

The Malian government has moved the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the gold. The move was part of the government's execution of an interim attachment order on the gold.

This comes after a judge ordered the seizure of the stock amid a dispute over a contract based on new mining rules.

The company said it remains restricted from shipping gold from the mining complex but is continuing to work toward a resolution.

Barrick's share price at last look gained 1% to US$15.60 in U.S. pre-market trading on Tuesday. The shares lost nearly 2% to $22.26 on the TSX on Monday.