SEATTLE (Scrap Monster): B2Gold Corp. announced update on operations at its Fekola gold mine in Mali. The mining operations have not been impacted in any way and the mining and milling operations continued its normal operations. Furthermore, it said that it is closely watching the evolving political situation in the country.
The company foresees gold production in the range 530,000 to 560,000 ounces from the mine during the current year. The mine had produced 622,518 ounces of gold from the mine, accounting for nearly 27% of Mali’s total industrial gold production. It does not expect loss of any operational days due to the political uncertainty in Mali. The recent national strike action by the National Union of Malian Workers did not have any significant impact on B2Gold’s Mali operations. In addition, it also confirmed that all of the company’s mine personnel are safe.
B2Gold will continue its ongoing discussions with the Mali government with regards to renewal of the Menankoto exploration permit. It looks forward to further strengthen the mutually beneficial partnership between the company and the Malian government. Since the inception of production in 2017, Fekola Mine has generated around $580 million in revenues, the company press release said.