Malian authorities seize gold from Barrick Gold's site - Reuters

Investing.com -- Gold stocks from Barrick Gold's (NYSE: GOLD) Loulo-Gounkoto site in Mali were seized and removed by the Malian authorities on Saturday, four sources familiar with the situation told Reuters. The sources, who spoke on Monday, did not disclose where the gold was taken.

According to two of the sources, approximately three tons of gold were removed from the site. Another source estimated the value of the confiscated gold to be around $245 million. The Canadian miner, Barrick Gold, listed on Toronto Stock Exchange as ABX.TO, has not yet commented on the situation.

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