Project UpdateAug 7, 2026, 01:21 PM
B2Gold Granted Fekola Regional Exploitation Permit in Mali
AI Summary
B2Gold Corp. announced that the State of Mali has granted the Menankoto exploitation permit, a key component of the Fekola Regional project. This permit is crucial for the company's near-term production growth and secures the future of the Fekola Complex operations well into the late 2030s. Fekola Regional is projected to produce over 150,000 ounces of gold annually from 2028, reinforcing B2Gold's significant investment and employment contributions in Mali.
Key Highlights
- Menankoto exploitation permit granted by the State of Mali for Fekola Regional.
- Permit secures Fekola Complex operations into the late 2030s.
- Fekola Regional expected to produce over 150,000 ounces per year from 2028.
- B2Gold's total investment in Mali has reached over $2.0 billion since 2014.
- Fekola Complex employs over 3,300 workers, with approximately 98% Malian nationals.
- Fekola Regional will be owned 65% by B2Gold and 35% by the State of Mali.
- Fekola Mine remains subject to the 2012 Mining Code, Menankoto under 2023 Code.
Price Impact
More from BTG