Desert Gold identifies over 20 gold zones at Mali SMSZ project
Updated
Updated · news.financial · May 5
Desert Gold identifies over 20 gold zones at Mali SMSZ project
7 articles · Updated · news.financial · May 5
The zones lie on the Senegal-Mali Shear Zone near Barrick Mining's Loulo-Gounkoto complex and B2Gold's Fekola mine, with CEO Jared Scharf aiming to move the company toward production.
The report says targeted exploration, local networks and nearby mine infrastructure could improve logistics and market access despite recent attacks in Bamako and at the Kati military base.
It portrays Mali's gold sector as resilient through political turmoil, noting gold generates about 25% of GDP and more than 75% of export revenues, supporting investor interest despite security risks.
With Mali's state demanding larger mine stakes, can foreign investors still secure their profits amidst ongoing political turmoil?
Mali is distributing millions in gold revenue to towns. Is this a path to local development or a new source of conflict?