BARRICK Gold Corp. said the situation in Mali was “fluid” but reported no impact from sanctions imposed by neighbouring nations.
The Economic Community of West African States (ECOWAS) imposed the sanctions on January 9 in respect of the movement of cash, people and goods across member borders to Mali after the country said it would push back national elections to 2025.
Mali’s military junta had agreed to return the country to civilian rule in February following two coups and a military takeover dating from 2020.
Mali is one of Africa’s biggest gold producers, with mining contributing around 10% of its gross domestic product. Companies like Barrick, B2Gold and Resolute Mining operate large mines in the country while many smaller companies are exploring for gold there, said Reuters in a report.