B2Gold wins Mali exploitation permit for Menankoto gold project near Fekola mine
BTG•Mining code details
The permit was issued under Mali’s 2023 Mining Code; the Fekola mine stays under the 2012 Mining Code.
Next steps and production outlook
Mining pre-stripping starts next, alongside finalizing a tolling agreement; ramp-up is expected through end-2027.
Output is forecast to exceed 150,000 ounces a year from 2028 through the mid-2030s, extending the Fekola Complex into the late 2030s.
Mali permit clears path for Fekola Regional development
B2Gold received Mali’s Menankoto exploitation permit, clearing the way to develop the Fekola Regional project near the Fekola gold mine.
Fekola Regional will be owned 65% by B2Gold, 35% by Mali; the existing Fekola mine remains 80%/20%.
