Mali Approves Underground Mining at Fekola

By Bradley Riviera 

B2Gold Corp. has secured approval from Mali’s government to commence underground mining at its flagship Fekola Mine—a move set to reshape the country’s gold production landscape. The approval follows high-level negotiations in Bamako and marks a pivotal shift from open-pit to stope ore production.

Underground development began in 2024, with over 9,300 meters of tunneling and full infrastructure installation. Fekola underground is expected to contribute 25,000–35,000 ounces of gold in 2025, ramping up significantly in subsequent years.

The Fekola Complex, 80% owned by B2Gold and 20% by Mali, also includes the Fekola Regional project, which is awaiting final permits. Once operational, Fekola Regional will add 180,000 ounces annually from 2026 to 2029.

B2Gold’s swift execution contrasts with ongoing disputes between Mali and other operators, underscoring the company’s strong government relations. The move is expected to stabilize production and extend mine life into the 2030s