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,

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.

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.

Mali's government and Barrick Gold will engage in negotiations over tax disputes and gold seizure. The discussions follow allegations of unpaid taxes and government confiscation of gold stocks. The 2023 mining code revision is central to the talks,

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 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.

Mali's government and Barrick Gold are set for negotiations to resolve a dispute over claimed unpaid taxes and the seizure of gold. The new mining code and hefty tax demands are at the heart of the issue.