2020-09-22 06:15 ET - In the News

The Financial Post reports in its Tuesday edition that B2Gold on Monday sought to reassure investors that Mali's political situation was improving after a military coup last month hit shares in the company and other Mali-focused miners. A Reuters dispatch to the Post says that shares in B2Gold and other miners in the West African country slid on the day of the coup but the companies said their operations were unaffected by the political upheaval. "The political situation is headed in the right direction," B2Gold chief executive officer Clive Johnson told the Gold Forum Americas conference in Denver. "The new military leadership is ... working closely with the business community and others to make this a seamless transition," he said, adding that the leadership has promised elections within 18 months. Meanwhile, fellow gold miner Kinross said it sees a very low risk of political unrest spreading from Mali to its neighbour, Mauritania, where the Canadian company has a gold mine it plans to expand. B2Gold closed Monday at $8.69, down 28 cents on the Toronto Stock Exchange.

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