AGP Executive Report
Last update: 8 hours agoGold Deal in West Africa: Fortuna Mining has bought Senegal’s Bambadji gold exploration project from Barrick and IAMGOLD for $200m, adding two properties (190 km²) along the Senegal–Mali Shear Zone next to Fortuna’s feasibility-stage Diamba Sud; Fortuna will spend $8m on 51,000m of RC and diamond drilling starting Q3 to test advanced targets within 20 km of the Diamba Sud plant. Mining Policy & Infrastructure Finance (Mali): Mali’s mining reforms are feeding an Energy, Water and Transport Infrastructure Development Fund that can generate 50bn CFA francs a year, with plans to borrow up to 500bn CFA francs for infrastructure. Gold Output & Permits (Mali): Barrick’s Mali recovery is cited alongside its broader restructuring: the miner reported 796,000 ounces in the quarter and named Sebastiaan Bock to lead its “rest of world” operations, with Africa including Loulo-Gounkoto in Mali. Project Pipeline (Mali): Toubani reports high-grade Kobada pre-production infill drilling results and targets an updated resource estimate by end of Q3 2026. Security Pressure on Industry: Reports say Sahel terror groups are tightening control in Mali and expanding rules and taxation on communities, raising risks for operations and logistics.
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