|

B2Gold moving forward with investment of $10m at the Fekola gold complex in Mali

ByVictoria

The decision follows a settlement with the Malian Government over its 2023 mining code, which has reduced the risk of disruption.

B2Gold CEO Clive Johnson said: “From a B2Gold perspective, we have seen a reduction in risk since the signing of our settlement agreement.”

“We have expatriate employees that move in and out of the country regularly, including some of the mine management, so there is no reason to think that any detention would ever be contemplated as it relates to B2Gold,” Johnson added.

Source – Global Data / Reuters reported

Similar Posts

  • /

    Silver Continues to See Buyers on Dips

    ByVictoria
    0 Comments

    Silver has initially fallen significantly in the early hours of Tuesday, as the market reacted to the ceasefire, taking out some of the “risk trade.” However, we are holding the range again. Ultimately, there are a lot of “moving pieces” to pay attention to. 

    Source – FX EMPIRE

  • /

    Dubai jewelers affected by gold prices

    ByVictoria
    0 Comments

    While U.S. tariffs and other factors have added fire to already hot demand for gold as an investment, the impact is different for gold jewellery, according to Andrew Naylor

    “In markets like Dubai, this creates a two-fold effect: on one hand, you see stronger interest in gold as a safe-haven asset, on the other, high prices dampen jewellery demand.”

    “There are no potential customers nowadays because of the gold prices,” said Fahad Khan, a sales representative at retailer Damas Jewellery.

    “Higher gold prices are likely to dampen demand for jewellery, in a classic example of how the best cure for high prices is high prices,” said Russ Mould, investment director at AJ Bell.

    Source – Reuters

  • /

    Gold futures hold record high

    ByVictoria
    0 Comments

    Investors are increasingly seeking safe-haven in hard assets like gold, silver, copper and platinum, historically viewed as stores of value in times of financial uncertainty, Saxo Bank’s Ole Hansen says in a note.

    Source – Wall Street Journal

    More Info!

    Futures (in finance) – Are contracts to buy or sell a specific underlying asset at a future date.

  • /

    London Metals Exchange, Mixed signals in precious metals

    ByVictoria
    0 Comments

    Zinc, the biggest loser in the LME complex, is currently trading 4.8% lower than at the start of the year.

    Meanwhile, tin prices have increased by 13.5% in the first few weeks of the year, making it the biggest winner.

    Copper refining grew as expected at 4.2%, but mine production surprised at 2.3%, 0.5% higher than the ICSG September forecast.

    The supply of refined copper is under threat due to mine production, which has put downward pressure on processing fees in copper smelters, according to Commerzbank.

    The lead market experienced a minor oversupply due to a substantial increase in mine production.

    This increase, just under 2%, was fueled by significantly higher supply in the US, Australia, Peru, and Mexico.

    Source – Invezz

  • /

    Gold prices still going strong

    ByVictoria
    0 Comments

    “We believe the demand is across the board. We see institutions either adding to or establishing long term strategic asset allocation type positions. We see individual investors doing the same. We see a certain amount of FOMO. There’s a fear of missing out whenever the price gains momentum to the upside” George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, told FOX Business.

    Source – FOX News