Barrick Gold negotiated an agreement with labor unions at its Loulo-Gounkoto gold complex in Mali. This averted a planned strike scheduled for Monday. The agreement addresses union grievances regarding overtime pay and existing labor agreements.
The resolution ensures production continuity at one of Africa's largest gold mining operations. A strike would have tightened global supply. This removes an operational risk for Barrick. Barrick has been working to stabilize production at the asset.