Photo: Resolute Mining Resolute Mining CEO Terry Holohan and two other colleagues are being held in Bamako, Mali, as the military-led government presses the Australian-based company to pay back taxes on its Syama gold mine, reported Business Insider Africa. The government insists that Resolute allegedly owes 100 billion CFA francs ($162 million) in taxes identified in a sector-wide audit, according…
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Miner B2Gold has confirmed that, due to a slight delay in its schedule, first gold from its Goose open-pit and underground complex in Canada, will not be seen until the second quarter of next year. Full story.
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Ian MacLean, former vice president of investor relations at B2Gold, has been appointed as the new chief executive officer for Avanti Gold, effective May 6. MacLean, with 25 years in mining, played key roles in the formation and success of several mining ventures, demonstrating an aptitude for driving transformative growth and cultivating sustainable shareholder value, the miner said. It added…
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B2Gold reported that three of its employees have died as a result of injuries sustained when an employee transport convoy was attacked in Mali on February 15. Traveling under Malian gendarme escort, the convoy was transporting B2Gold employees from the Fekola gold mine to Bamako when it was attacked 75 kilometers west of the capital city. B2Gold said mining and…
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Photo: B2Gold Technology group Wärtsilä has signed a five-year renewal of its operation and maintenance agreement with B2Gold subsidiary Philippine Gold Processing & Refining for the Masbate gold mine power plant. Wärtsilä has operated and maintained the plant, which is the sole source of electricity for the remote mine, since 2009. “The plant’s availability, efficiency and reliability are critical to…
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B2Gold has entered into a purchase agreement with AngloGold Ashanti to acquire AngloGold’s 50% stake in the Gramalote project, located in the department of Antioquia, Colombia. Upon completion of the transaction, B2Gold will own 100% of the gold project. Historically, Gramalote has been advanced under a joint venture between B2Gold and AngloGold, which has led to analyzing the project on…
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Senior gold producer B2Gold has finalized its C$1.2 billion acquisition of Sabina Gold & Silver, which gives the company control of the Back River Gold District located in southwestern Nunavut, Canada. Consisting of five mineral claim blocks along an 80-kilometer belt, the district is home to the fully permitted, construction-ready Goose project. The project contains measured and indicated mineral resources…
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Canadian gold producer B2Gold has entered into a definitive agreement to acquire all of the issued and outstanding shares of Sabina Gold & Silver for C$1.1 billion. Read full story here.
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