Canadian gold mine B2Gold has obtained a permis-sion to purchase an additional stake in the Fekola mine in Mali.
The company will acquire an additional 10% of the shares in the pro-ject, raising its total stake to 20%.
"With the first full year of production from the large, new Fekola Mine, B2Gold is achieving transformational growth in 2018. Consolidated gold production is forecast to be between 920,000 and 960,000 ounces, representing an increase in annual consolidated gold pro-duction of approximately 300,000 ounces in 2018 versus 2017," the company said in a statement. "Fekola is B2Gold's largest mine, rep-resenting approximately 45% of the Company's projected consoli-dated 2018 gold production."
Established in 2007, the Vancouver-based miner says it has five op-erating mines and a number of exploraton and development projects located in various countries. These include Finland, the Philippines, Nicaragua, Namibia, Burkina Faso, and Mali.