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

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$6.41 below its 52-week high of C$29.50, which the company reached 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.

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.