Mali : Canadian B2Gold reaches first gold pour at Fekola

Publié le jeudi 12 octobre 2017, par

Vancouver-based B2Gold Corp achieved first gold pour at the Fekola gold mine in southwestern Mali, on October 7 nearly three months ahead of schedule.

Disclosing this on 11 October, the company also said commercial production is expected by the end of 2017. Gold production of between 50,000 and 55,000 ounces will be achieved in the fourth quarter this year. According to the company, the year 2018 is scheduled to be the first full year of gold production with 400,000 to 410,000 ounces, representing an increase in annual gold production of over 70% for B2Gold in 2018.

In fact, the new life of mine plan of Fekola anticipates approximately 400,000 ounces of gold production annually for the first three years. B2Gold plans this achievement at operating cash costs of $357 per ounce and all in sustaining costs of $604 per ounce. For the first seven years, Fekola will produce approximately 374,000 ounces of gold annually with operating cash costs of $391 per ounce and AISC of $643 per ounce. Over the initial ten-year life of mine Fekola should produce an average of 345,000 ounces per annum at operating cash costs of $428 per ounce and AISC of $664 per ounce.

B2Gold Corp. is one of the fastest-growing intermediate gold producers in the world. Founded in 2007, the Canadian company of British Columbia has a global portfolio with assets Namibia, Mali and Burkina Faso, besides Finland, Nicaragua, and the Philippines. These are five operating mines and numerous exploration and development projects.