Mali's government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its gold stocks by authorities in the country,

Barrick Gold Corp. closed C$6.52 below its 52-week high of C$29.50, which the company achieved on October 21st.

Barrick Gold shares are trading higher by 1.4% during Friday's session. Mining stocks are rising, likely in sympathy with Rio Tinto and Glencore's potential merger talks.

Barrick Gold Corp. closed C$6.41 below its 52-week high of C$29.50, which the company reached on October 21st.

The community of Cotuí is divided over the operations of Barrick Gold, with one group praising the economic and social benefits the company has brought to Sánchez Ramírez province, while another protests for greater compensation and benefits for communities affected by mining activities.

Barrick Gold in negotiations with Mali over tax dispute and gold seizure at the company's Loulo-Gounkoto complex.

Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.

The negotiations will focus on Mali's demand for $199m (CFA Fr125.15bn), compliance with the new mining code and the release of the seized gold.