An ongoing dispute over ownership stakes in Barrick’s operation in Mali has led to the arrest of mining officials, the government’s gold seizure and the company’s shutdown of its mine.

Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend.

Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.

Barrick Gold faces turmoil in Mali as government reportedly executes a provisional order to seize gold stockpiles, threatening operations at Loulo-Gounkoto mine.

By Portia Crowe, Divya Rajagopal and Giulia Paravicini DAKAR (Reuters) -Mali began flying gold out of Canadian miner Barrick Gold's Loulo-Gounkoto complex by helicopter on Saturday, four sources close to the situation said,

Barrick Gold Corp. closed C$6.86 below its 52-week high of C$29.50, which the company reached on October 21st.