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    BTO   CA11777Q2099

B2GOLD CORP.

(BTO)
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B2Gold begins arbitration against Mali over mining permit

06/24/2021 | 05:47pm EDT

June 24 (Reuters) - Canadian gold miner B2Gold Corp said on Thursday it has begun international arbitration against Mali in a months-long dispute over the West African country's denial of a mining permit extension requested by the company.

The Menankoto permit covers an area located 20 km north of B2Gold's Fekola mine, which is in southwest Mali on the border with Senegal. B2Gold has invested about $27 million in exploration over the last seven years.

The previous government, which was ousted in a military takeover last month, had granted an exploration permit held by B2Gold to a little-known domestic company in March.

The permit was up for grabs again in May when the ousted Prime Minister Moctar Ouane issued a decree cancelling the decision.

However, the Ministry of Mines, Energy and Water informed the Canadian miner that its application for permit was rejected because it was subject of a court decision, the company said on June 18.

The miner said it remains committed to talks with the government to resolve the issue even as the international arbitration proceedings were launched.

B2Gold said operations at the Fekola mine, which is on a different permit, are continuing normally. (Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
B2GOLD CORP. -1.72% 5.13 Delayed Quote.-26.79%
GOLD -0.03% 1810.95 Delayed Quote.-4.50%
S&P GSCI GOLD INDEX -0.06% 1055.8922 Delayed Quote.-4.27%
SILVER -0.13% 25.35 Delayed Quote.-3.60%
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More news
Financials (USD)
Sales 2021 1 773 M - -
Net income 2021 509 M - -
Net cash 2021 574 M - -
P/E ratio 2021 9,05x
Yield 2021 3,91%
Capitalization 4 309 M 4 310 M -
EV / Sales 2021 2,11x
EV / Sales 2022 1,92x
Nbr of Employees 2 212
Free-Float 98,9%
Chart B2GOLD CORP.
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B2Gold Corp. Technical Analysis Chart | BTO | CA11777Q2099 | MarketScreener
Technical analysis trends B2GOLD CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 4,09 $
Average target price 7,19 $
Spread / Average Target 75,8%
EPS Revisions
Managers and Directors
Clive Thomas Johnson President, Chief Executive Officer & Director
Michael Cinnamond Chief Financial Officer & Senior VP-Finance
Robert Melvin Douglas Cross Chairman
Brian M. Scott Vice President-Geology & Technical Services
William Lytle Senior Vice President-Operations
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