Barrick Contractor Exits Mali, Resulting in Over 600 Layoffs Amid Operational Challenges
The largest contractor at Barrick Mining's Loulo-Gounkoto gold complex in Mali is ceasing operations and laying off more than 600 employees. This decision follows sluggish production and investment at the complex, which Barrick regained control of after a dispute with the Malian government over taxes and ownership. The contractor, Gounkoto Mining Services (GMS), has issued termination notices to its workers, and neither the Gounkoto nor Yalea North mines have resumed production since Barrick's takeover. The move reflects Barrick's strategy to reduce exposure to higher-risk assets amid ongoing operational and infrastructure challenges. 
