B2Gold logo

BTG - B2Gold News Story

$6.33 -0.1  -1.6%

Last Trade - 2:56pm

Sector
Basic Materials
Size
Large Cap
Market Cap £5.27bn
Enterprise Value £5.21bn
Revenue £1.13bn
Position in Universe 933rd / 6400

Mali produces 50 T of gold in 2015, expects more in 2016

Fri 1st January, 2016 3:27pm
BAMAKO, Jan 1 (Reuters) - Mali produced 50 tonnes of gold in 
2015 to consolidate its position as Africa's third-largest 
producer and expects to increase output this year, President 
Ibrahim Boubacar Keita said in a New Year's speech. 
    Production is due to start at the Kofi Nord facility run by 
Canada's Endeavour Mining  EDV.TO , part of its Tabakoto mine 
west of the capital Bamako in southwestern Mali.  
    Kofi Nord will produce an average of around 1.8 tonnes per 
year, Keita said. 
    The Fekola mine owned by B2Gold  BTO.TO , which has reserves 
of 3.15 million ounces, will also begin production this year, he 
said. 
    "Despite the timid pick-up of the global economy, Mali has 
this year (2015) produced 50 tonnes of gold of which 46 tonnes 
are industrial production and four tonnes are artisanal," Keita 
said.  urn:newsml:reuters.com:*:nL8N13C3XD 
    The West African nation's gold production could rise to 
around 60 tonnes a year by the end of 2017, the mining minister 
said in November. Production was 49.865 tonnes in 2014. The 
sector contributes around a quarter of the government's revenue. 
 
 (Reporting by Tiemoko Diallo; writing by Matthew Mpoke Bigg; 
editing by Jason Neely) 
 ((matt.bigg@thomsonreuters.com; +233)(0)(209 607-203; Reuters 
Messaging: matt.bigg.thomsonreuters.com@reuters.net)) 
 
Keywords: MALI GOLD/
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.