Barrick in Pursuit of New Discoveries in Mali

SEATTLE (Scrap Monster): Barrick Gold reiterated its ongoing commitment to mining operations in the Republic of Mali.

Commenting on the company’s operations in the region, Barrick president and chief executive Mark Bristow stated that the Loulo-Gounkoto complex will continue to remain as one of the world’s top ten gold producers. The mine complex stays on track to meet its 2023 output guidance, he added.

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Bristow noted that the company has been in Mali for 26 years now. It has worked in collaboration with various governments and local partners to contribute to the country’s mining industry. The presence of the company has helped Mali to promote itself as a global investment destination.

The company has contributed nearly $10 billion to Mali’s economy in the form of taxes, royalties, salaries and payments to local suppliers. Malian stakeholders are the recipients of almost 70% of the economic benefits generated by the Loulo-Gounkoto complex. Over the past decade, it has contributed 5%-10% of the Malian GDP.

The exploration team continues to find new growth opportunities in the highly prospective Loulo region. New high-priority targets have already been identified with the potential of delivering major discoveries. The company will continue to invest in future growth in Mali, Bristow said.