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B2Gold’s Menankoto permit in Mali has not been renewed

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Mar 30, 2021 Precious Metals News Comments Off on B2Gold’s Menankoto permit in Mali has not been renewed


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(Wallace Refiners) – B2Gold (TSX: BTO) announced today an update on the Menankoto exploration permit in Mali, which forms a part of the Anaconda area and is located 20 kilometres north of the Fekola mine license area.

The company said that its Malian subsidiary, Menankoto SARL, applied for a one year renewal of the Menankoto permit in early February 2021 and was subsequently advised in early March 2021 that the new permit would not be granted to Menankoto.

According to the company’s statement, B2Gold strongly believes that Menankoto is entitled to a renewal of the permit under applicable law and is engaged in ongoing discussions with the Malian Government to clarify the situation.

The current life of mine plan for the Fekola mine, which is projected to produce 530,000 to 560,000 ounces of gold in 2021, does not include the Anaconda area mineral resource, added B2Gold.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali, Colombia and Burkina Faso. B2Gold forecasts total consolidated gold production of between 970,000 and 1,030,000 ounces in 2021.




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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