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B2Gold Corp T.BTO

Alternate Symbol(s):  BTG

Metals & Mining Gold
B2Gold Corp. is a Canada-based gold producer. The Company has three operating mines, which include the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. In addition, the Company has an exploration and development projects in various countries, including Canada, Mali, Finland and Uzbekistan. The Company also has an interest in Back River Gold District that is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is also engaged in operating Goose Project, which is located in Nunavut, Canada.


TSX:BTO - Post by User

B2Gold Corp > Fekola Mine Could Be Next ? This reason is holding S/P
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Post by SNgu8000on Apr 15, 2024 5:47pm
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Post# 35990430

Fekola Mine Could Be Next ? This reason is holding S/P

Fekola Mine Could Be Next ? This reason is holding S/P

Barrick Gold (TSX: ABX) is facing escalating challenges in Mali as the country’s military government intensifies efforts to assert control over its lucrative mining industry amid increasing Russian influence.

Since seizing power in a coup in 2021 and subsequently forming an alliance with Russian troops, Mali’s junta has focused on exerting authority over the mining sector. This includes conducting controversial audits and implementing a new mining code aimed at enhancing state control over mining operations.

Recent reports indicate that the regime may be considering the expropriation of Barrick’s key mining complex, Loulo-Gounkoto, which stands as one of the largest gold-producing mines globally.
 

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