Barrick’s Loulo-Gounkoto beats guidance

The Mali-based Loulo-Gounkoto complex (pictured) includes Loulo underground mines, Yalea Gara and the Gounkoto open pit mine. (Archives image by: Randgold Resources)

Barrick Gold’s Loulo-Gounkoto mine complex delivered 680,215 ounces of gold in 2020, exceeding its full-year guidance, despite having faced multiple challenges including the covid-19 pandemic and a military coup in Mali.

The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé River. It has proven and probable
gold reserves of 6.4 million ounces.

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