B2Gold Corp. Announces Agreement with State of Mali Regarding Fekola Complex

VANCOUVER, British Columbia, Sept. 11, 2024 (GLOBE NEWSWIRE) — B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has agreed to terms (the “Agreement”) with the State of Mali (the “State”) in connection with the ongoing operation and governance of the Fekola Complex.

The Fekola Complex

The Fekola Complex consists of the Fekola Mine, which includes the Fekola and Cardinal pits and Fekola underground, and Fekola Regional, which includes the Anaconda Area (Bantako, Menankoto, and Bakolobi permits) and the Dandoko permit. The Fekola Complex is located approximately 20 kilometers from the Fekola Mine.

The Agreement between B2Gold and the State of Mali pertains to the development of both the underground project at the Fekola Mine, in which B2Gold owns 80% and the State of Mali owns 20%, as well as the Fekola Regional.

All monetary amounts referenced in this announcement are in United States dollars unless stated otherwise.

It is expected that this Agreement will have a significant impact on the operation and future growth of the Fekola Complex, solidifying the partnership between B2Gold and the State of Mali.

This collaboration marks a new chapter in the mining industry and underscores the importance of sustainable and mutually beneficial partnerships between mining companies and host countries.

Effect on Individuals

For individuals, particularly those living in Mali, this Agreement could potentially lead to increased economic development and job opportunities. The development of the Fekola Complex, including the underground project, may create new employment opportunities and stimulate local economies.

Effect on the World

On a broader scale, this Agreement sets a positive example for responsible mining practices and cooperation between mining companies and host countries. By working together to ensure the sustainable development of mining projects, B2Gold and the State of Mali are demonstrating a commitment to environmental stewardship and community engagement.

Conclusion

In conclusion, the Agreement between B2Gold Corp. and the State of Mali regarding the Fekola Complex represents a significant step towards sustainable mining practices and collaborative partnerships. This development has the potential to benefit both local communities in Mali and the global mining industry as a whole, highlighting the importance of responsible resource extraction and mutual cooperation.