Canadian gold mining company B2GOLD Corp. plans to start a $50 million mill extension of its Fekola gold mine in Mali.
The expansion project is expected to take ore throughput to 7.5 million tonnes a year from 6 million tonnes annually it currently achieves.
The company said that it has finalized the study on Fekola and will embark on the extension which is consistent with its organic growth strategy.
With the investment, B2Gold, which B2Gold reported net income of $45.1 million for the 2018 financial year, will chase down the potential for mining gold at the Fekola North extension zone.