Jan 14 (Reuters) - Canada's Barrick Gold (ABX.TO) , opens new tab on Tuesday confirmed it had suspended operations in Mali and that the government had moved gold stock from the miner's Loulo-Gounkoto site to a bank.

Reuters reported on Monday that the authorities had seized gold worth $245 million in an escalation of their long-running dispute with the company.

"As a result, Barrick has regrettably initiated the temporary suspension of operations while it continues to work towards a resolution," it said in a statement.

Barrick did not say what amount of gold had been seized.

Malian officials did not reply to requests for immediate comment.

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https://www.reuters.com/markets/commodities/barrick-says-malian-government-moves-gold-stock-site-custodial-bank-2025-01-14/