(Ecofin Agency) - Fekola, Mali's second-largest gold mine, raked in $1.14 billion in revenues in 2023 from selling 588,460 ounces of gold. The mine is operated by B2Gold, a Canadian firm.

B2Gold forked over $297 million to the Malian government in 2023, according to a report published on June 3 by the Canadian mining company. In 2022, it had paid Bamako $297.5 million. The payment includes mining royalties, dividends, and various taxes.

On top of these, B2Gold also injected money into the local economy through payments to suppliers, salaries for its local employees (97% of the workforce), and investments in community projects.

Fekola is expected to deliver between 470,000 and 500,000 ounces of gold in 2024. The complex is 80% owned by B2Gold, with the Malian state holding the remaining 20%.