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.

Barrick Gold (NYSE:GOLD) has told the Mali government it will suspend mining operations in Mali after the government seized gold stocks from the Loulo-Gounkoto complex and flew them out by helicopter over the weekend,

Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.