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Relations between the junta and the former colonial power France have deteriorate in recent years, with Mali’s leaders instead building closer ties with Russia. French troops left the country in 2022.
The latest scoping study at Colosseum proposes an impressive 635,000 ounces of gold production over 8.3 years could be achieved at an AISC per ounce of US$1490.
As a result of the Transaction, FCGI no longer holds assets in Mexico, and Heliostar has assumed all responsibilities for the Mexican Business Unit, including reclamation.