Project UpdateAug 7, 2026, 11:09 AM
B2Gold Granted Menankoto Permit in Mali; Secures Fekola Future
AI Summary
B2Gold Corp. announced that its Malian subsidiary has been granted the Menankoto exploitation permit by the State of Mali. This permit, combined with the Dandoko exploration permit, forms the Fekola Regional project, which is a key near-term production growth driver for the company. The issuance secures the future of the Fekola Complex, Mali's largest gold mine, into the late 2030s and is expected to contribute over 150,000 ounces per year from 2028. This follows productive dialogue and an agreement with the State of Mali, underscoring B2Gold's significant investment and commitment to the region.
Key Highlights
- State of Mali granted Menankoto exploitation permit to B2Gold's Malian subsidiary.
- Fekola Regional (Menankoto & Dandoko permits) will be 65% owned by B2Gold and 35% by State of Mali.
- Fekola Mine (Medinandi permit) is 80% owned by B2Gold and 20% by State of Mali.
- Fekola Regional expected to produce over 150,000 ounces per year from 2028 through mid-2030s.
- Issuance secures Fekola Complex operations well into the late 2030s.
- B2Gold's total investment in Mali since 2014 exceeds $2.0 billion.
- Company employs over 3,300 workers in Mali, with approximately 98% Malian nationals.
Price Impact
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