Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) reported Thursday a case of covid-19 at its 80%-owned Fekola mine, in southwestern Mali, adding operations have not been impacted.
The Vancouver-based company has isolated the entire group in the exploration camp, where the infected employee was working. It has also completed contract-tracing for anyone the individual may have come into contact with on-site or within the community.
B2Gold is implementing a full isolation process for staff at the mine and facilities are being thoroughly cleaned and disinfected, it said.
The miner, which poured first gold at Fekola in late 2017, reported last week a quarterly record output of 164,011ounces from the mine, accounting for more than half of B2Gold’s record January-March output of 262,632 ounces.
Fekola is located near Mali’s border with Senegal, and about 520 km from the country’s capital, Bamako.
