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Mining News September 16, 2020 09:15:20 PM

B2Gold to Expand Mali Gold Mining Operations

Paul Ploumis
ScrapMonster Author
B2Gold announced that it aims to boost production at Fekola mine by more than one-third to exceed 620,000 ounces in 2020.

B2Gold to Expand Mali Gold Mining Operations

SEATTLE (Scrap Monster): B2Gold Corp. announced expansion to its gold mining operations in the West African nation of Mali, despite rising uncertainties and political unrests due to military coup and rising terrorism.

According to company press release, the company’s gold mines in the country have not been affected by the political turmoil due to military actions. In fact, the company looks to boost its output at its flagship Fekola mine in Mali. In addition, it is currently exploring new mining investment opportunities in Mali and other countries across the region.

ALSO READ: B2Gold Corp. Posted Record Gold Revenue in Q2

Clive Johnson, CEO, B2Gold Corp. stated that West African region is likely to remain in the spotlight as the industry consolidates in near future. The current situation does not deter the company from embarking on compelling investment deals. However, it would be unwilling to overpay for assets, especially in a situation where gold price rally has already pushed up valuations, he added.

B2Gold announced that it aims to boost production at Fekola mine by more than one-third to exceed 620,000 ounces in 2020. Reportedly, the company is engaged in talks with Zimbabwean government on exemption from the country’s law that requires miners to sell their metal to the country’s central bank.

 

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