B2Gold's Fekola operations in Mali continue

Executive Summary

• B2Gold confirms that operations at its Fekola complex in Mali are continuing uninterrupted and at full capacity, with all permits and licenses remaining in good standing.
• The company reaffirms its 2025 gold production guidance for the Fekola complex, projecting output between 515,000 and 550,000 ounces.
• B2Gold clarifies that its permits were not affected by recent revocations in Mali, which targeted inactive mines, and notes that the Fekola regional exploitation permit is in the final stages of approval.

Key Details

• Operational Status: Milling and mining activities at the Fekola mine are operating at full capacity without interruption.
• Production Guidance: The company reiterates its 2025 gold production guidance for the Fekola complex of 515,000 to 550,000 ounces.
• Regulatory Standing: All exploration and exploitation permits for Fekola are valid and in good standing.
• Context on Permit Revocations: The company confirms its permits were not impacted by recent permit revocations in Mali, which were largely due to inactivity and failure to comply with the 2023 Mali Mining Code.
• Permit Approval Status: The issuance of the Fekola regional exploitation permit is in the final stages of approval and is anticipated to be received shortly.