Canada's Barrick Gold said on Monday it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.

Barrick Gold Corp. said it will have to halt mining in Mali soon if the government doesn’t stop disrupting exports and operations at its mine.

Barrick Gold warns of potential suspension at Loulo-Gounkoto mining complex in Mali due to government's gold shipment restrictions. CEO calls situation "unwarranted" and "deeply regrettable." Other foreign miners also facing issues.

Barrick Gold Corp. (GOLD) stock was down more than 1.5% in mid-day trading on Monday after the company issued a one-week ultimatum to Mali's government to lift restrictions on gold shipments. Otherwise,

Barrick Gold (NYSE:GOLD) (TSX:ABX) is facing mounting challenges at its Loulo-Gounkoto mining complex in Mali, as the country has extended its ban on exporting gold to include the site’s on-hand stock of the precious metal.

Canada's Barrick Gold said on Monday that it will be forced to temporarily suspend operations at its Loulo-Gounkoto mining complex in Mali in the coming weeks following fresh shipping restrictions. The company said an interim attachment order has been issued against the existing gold stock at its Loulo-Gounkoto mining complex in Mali,