Perseus and Silvercorp vied for months to acquire the Africa-focused gold explorer, which owns the Nyanzaga gold project in Tanzania.

The precious metal was also bolstered on Tuesday by weaker US dollar.

Emmanuel Macron said France was considering drafting a plan within three months for areas with important gold reserves.

B2Gold is navigating a capital-intensive period aimed at pushing the 1 million oz. gold mark from 2025.

The project is currently being developed as an earn-in joint venture signed with Newmont in July 2022.

Among Goldman’s year-end forecasts, copper was seen at $10,000 a ton, aluminum at $2,600 a ton, and gold at $2,300 an ounce.

Zijin Mining has warned that US-led efforts to tackle Beijing’s control of minerals could slow the company’s global expansion.