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Barrick CEO says spending $15 million a month on Mali mine

Published by Global Banking & Finance Review

Posted on May 7, 2025

1 min read

· Last updated: January 24, 2026

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Barrick CEO Discusses $15M Monthly Mali Mine Costs

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)

Key Takeaways

  • Barrick spends $15 million monthly on Mali mine.
  • CEO Mark Bristow criticizes Mali government actions.
  • Government confiscated gold from Barrick.
  • Barrick employees in Mali faced human rights issues.
  • Mali government reneged on agreements thrice.

Frequently Asked Questions

What is the main topic?
The article discusses Barrick's $15 million monthly spending to maintain its Mali mine amid conflicts with the government.
What issues is Barrick facing in Mali?
Barrick is dealing with gold confiscation by the government and the jailing of its employees, which it views as human rights violations.
Who is Mark Bristow?
Mark Bristow is the CEO of Barrick, a major mining company involved in a dispute with the Mali government.

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