B2Gold Secures Approval for Underground Mining at Fekola Mine in Mali

Underground Operations Set to Enhance Fekola Mine Output

B2Gold has received the green light from the Malian government to initiate underground mining at the Fekola Mine in southwest Mali. This approval marks a major milestone for the Canadian gold producer as it aims to significantly boost output at the Fekola Complex. The underground stope ore production will now complement existing open-pit operations, beginning with 25,000–35,000 ounces expected in 2025.

Located near the Senegal border, the Fekola Complex includes the main Fekola Mine and surrounding Fekola Regional assets. B2Gold holds an 80% interest in the Fekola Mine and 65% in Fekola Regional, while the State of Mali owns the remaining shares. The underground development follows over 9,300 meters of exploration work conducted in 2024 and early 2025, signaling the company’s long-term commitment to this prolific gold district.

Following the approval, B2Gold has already begun stope ore production and is processing stockpiled ore through its mill. The company maintains its 2025 production forecast of 515,000 to 550,000 ounces across the entire Fekola Complex. Meanwhile, Fekola Regional is projected to add up to 180,000 ounces annually between 2026 and 2029, pending permit approvals expected by the end of Q3 2025.

Mali Government Partnership Supports B2Gold’s Long-Term Strategy

B2Gold’s progress at Fekola is supported by strong cooperation with the Malian government. Recent high-level meetings, including talks with Prime Minister Abdoulaye Maïga, reaffirmed their shared commitment to the September 2024 governance agreement. This partnership plays a vital role in developing and securing mining projects in Mali, especially in the Fekola region.

The approval for underground mining at Fekola shows Mali’s support for responsible foreign investment in mining. For B2Gold, this strengthens its strategic presence in West Africa and improves long-term cash flow. The upcoming development of Fekola Regional, which includes the Menankoto and Dandoko permits, will become a key part of B2Gold’s growth plan.

Since acquiring the project from Papillon Resources in 2014, B2Gold has built a strong operational track record. The mine reached commercial production in November 2017 and remains one of Africa’s leading gold producers.

SuperMetalPrice Commentary:

B2Gold’s expansion into underground mining at Fekola shows a disciplined and forward-looking approach in West Africa’s gold sector. The company has balanced exploration, governance, and production, positioning Fekola as a multi-decade asset. With strong projected outputs and regional development underway, B2Gold is strengthening its resilience amid fluctuating gold prices. This approval also reinforces Mali’s position as a key mining jurisdiction, supporting investor confidence across Africa’s resource-rich zones.