Headlines
Barrick CEO says spending $15 million a month on Mali mine
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Barrick CEO Mark Bristow reveals $15 million monthly expenses to operate its Mali mine, amid disputes with the government over gold confiscation and employee rights.
By Divya Rajagopal
TORONTO (Reuters) - Barrick CEO Mark Bristow said the miner is spending $15 million a month to keep its Mali mine running, and that he does not know where the government is keeping the gold that it confiscated from the company.
Speaking in an interview about the long-running conflict with Mali authorities, Bristow said the government walked back on an agreement three times, and called the jailing of Barrick employees in the country a human rights violation.
(Reporting by Divya Rajagopal, Writing by Daina Beth Solomon)
The article discusses Barrick's $15 million monthly spending to maintain its Mali mine amid conflicts with the government.
Barrick is dealing with gold confiscation by the government and the jailing of its employees, which it views as human rights violations.
Mark Bristow is the CEO of Barrick, a major mining company involved in a dispute with the Mali government.
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