Fekola, Mali:Latest quarter: grade
1.51 g/t.
Recovery:
92.8%.
AISC:
$1258/oz.
https://www.b2gold.com/projects/producing/fekola/ A true world-class open pit mine with attractive grade and very high production.
Grade in the last quarter was over 3 times higher than the 0.49 g/t at Songjiagou, and production was much more prolific.
Yet AISC/oz is significantly higher.
Impoverished Mali can't be an expensive jurisdiction.
"Compared to other gold producers in the region and in Africa more broadly, gold in Mali is particularly cheap to extract and profitable for companies.
[14] This is because the mines in Mali are surface mines and cost of labor is low."