B2Gold (BTG) Gets Approval for Underground Mining at Fekola

B2Gold Corp. (NYSEAMERICAN:BTG) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 30, B2Gold Corp. (NYSEAMERICAN:BTG) reported that it received approval from the State of Mali to start underground operations, including stope ore production, at the Fekola Mine, which is a key driver of production growth for the Fekola Complex.

Throughout 2024 and 2025, B2Gold Corp. (NYSEAMERICAN:BTG) has been doing underground exploration and development work at the Fekola Mine as it prepared for this approval. The company completed more than 9,300 meters of development work and installed underground mining infrastructure.

B2Gold (BTG) Gets Approval for Underground Mining at Fekola

Aerial view of a gold mine in Mali, showing the scale of the mining operations.

After getting the underground mining approval, B2Gold Corp. (NYSEAMERICAN:BTG) started stope ore production. The company is also processing underground ore that was stockpiled during the development stage.

The underground operations are important for the near-term production profile of the Fekola Complex. B2Gold Corp. (NYSEAMERICAN:BTG) expects the Fekola underground to contribute between 25,000 to 35,000 ounces of gold production in 2025. This production is expected to ramp up significantly in 2026 and the following years.

B2Gold Corp. (NYSEAMERICAN:BTG) is a senior gold-producing company headquartered in Vancouver, Canada. The company operates gold mines in Canada, Mali, Namibia, and the Philippines.

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Disclosure: None. This article is originally published at Insider Monkey.