Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday. The Toronto-based miner said it has been assured by Mali that gold worth about $245 million seized by authorities still belongs to the company,

Barrick Gold (NYSE:GOLD) (TSX:ABX) will resume operations at its Loulo-Gounkoto mine once Malian authorities allow it to restart gold shipments, CEO Mark Bristow told Reuters on Wednesday.

The ongoing negotiations between the government of Mali and Canada's Barrick Gold Corp. (NYSE:GOLD) over payments from the nation's largest gold mine have been put on hold, according to Bloomberg report on Tuesday.

Mali and Barrick Gold Corp.’s negotiations to end a protracted dispute over payments from the country’s biggest gold mine have been suspended, according to people familiar with the government’s position.