|

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

  • /

    Copper may have peaked for Cochilco

    ByVictoria
    0 Comments

    Chile’s state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalating trade war, as U.S. President Donald Trump threatened to further increase tariffs on China.

    “Base metals, including copper, are likely to have peaked in 2025 as they will be negatively impacted by the trade dynamics between the U.S. and China,” Cochilco said in a statement.

    Cochilco said that if current economic and geopolitical conditions continue, its forecast would weaken.

    Source – Reuters

  • /

    Tariff threat opens up transatlantic rift in copper pricing

    ByVictoria
    0 Comments

    U.S. President Donald Trump hasn’t yet imposed import tariffs on copper but the market is already pricing in the likelihood that the red metal will be next on the list after aluminium and steel.

    The arbitrage between the CME and the London Metal Exchange (LME) contracts has blown wider in recent days, with the CME premium exceeding $1,000 per metric ton earlier this week.

    Source – Reuters / Written by Andy Home / Opinion

  • /

    Mako Mining Corp. Low cost, high margin gold producer

    ByVictoria
    0 Comments

    Mako Mining Corp. presents a compelling investment opportunity as a low-cost, high margin gold producer with strong operational momentum, optionality in exploration potential, management excellence and imminent catalysts supported by a clean balance sheet.

    With gold price hovering around $2,900/oz as of March 2025—more than double San Albino’s all-in sustaining cost (AISC) of $1,370/oz—Mako Mining is well positioned to generate sustainable cash flow which the management can put into work to grow the company’s production with a high ROIC or credible M&A (the company management showed their capital allocation excellence multiple times).

    Source – Seeking Alpha

  • / /

    Kentuckians could sue Gov. Andy Beshear over a gold and silver sales tax

    ByVictoria
    0 Comments

    Follow up on Kentucky considers bill to entice gold and silver investors

    House Bill 2, introduced last week by Rep. T.J. Roberts, R-Burlington, and backed by several other GOP representatives, would void a controversial line-item budget veto by Beshear last year that prevented state lawmakers from exempting “bullion currency” — or gold and silver coins — from taxation.

    The proposed bill would also give people who have paid sales taxes on gold and silver since August — when the exemption was set to take effect — the power to use the courts to seek a refund along with $1,000 for “each day that the violation occurred,” paid by the governor’s office.

    Source – Louisville Courier-Journal

  • /

    Gold reaches Rs 83,000 per 10 grams for the first time

    ByVictoria
    0 Comments

    “Gold extended gains on Friday, with spot gold in the domestic market hitting fresh all-time highs,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.

    “Prices in MCX are near record high as Trump trade policies and tariff plans created an uncertain environment in the market, which may boost safe-haven demand,” Deveya Gaglani, Research Analyst-Commodities, Axis Securities, said.

    Comex silver futures also increased 1.53 per cent to USD 31.32 per ounce in the Asian market hours.

    Source – Press Trust of India