Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.

Mali's government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its gold stocks by authorities in the country,

The negotiations will focus on Mali's demand for $199m (CFA Fr125.15bn), compliance with the new mining code and the release of the seized gold.

Mali's government and Barrick Gold will engage in negotiations over tax disputes and gold seizure. The discussions follow allegations of unpaid taxes and government confiscation of gold stocks. The 2023 mining code revision is central to the talks,

Barrick Gold in negotiations with Mali over tax dispute and gold seizure at the company's Loulo-Gounkoto complex.

Mali’s government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged non payment of taxes by the Canadian miner and the seizure of its gold stocks by authorities in the country, two sources familiar with the matter told Reuters.

Mali's government and Barrick Gold are set to engage in new negotiations to address a dispute over alleged tax non-payment by the miner and the consequent seizure of its gold stocks. The situation has led to the temporary suspension of Barrick's operations in Mali.

Barrick, the world’s second largest gold miner by production, has temporarily suspended its mining operations in Mali after the government seized close to 3 metric tons of gold from the company’s Loul

Barrick Gold Corp. closed C$6.52 below its 52-week high of C$29.50, which the company achieved on October 21st.