Gounkoto Mining Services issues termination letters to more than 600 workers

12 articles · Updated · channelafrica.co.za · May 8

The layoffs affect staff at the Gounkoto open-pit and Yalea North mines at Mali's Loulo-Gounkoto complex, where workers are serving notice after mandatory medical exams.
Barrick plans not to renew GMS's contract in 2026 after regaining control from Malian administrators in December, amid sluggish production and investment following a dispute over taxes and ownership.
Neither mine has restarted since Barrick resumed control, and it remains unclear whether the contractor's deal will be renewed for 2027. Mali's Mines Ministry called it an internal matter.

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