B2Gold ( (TSE:BTO) ) has issued an announcement.
B2Gold has completed the Phase 2 expansion of the Fekola Solar Plant in Mali, which is now operational. This expansion added 46,200 solar panels, increasing the plant’s capacity to 52 MW of solar power and 27.7 MWh of battery storage. The project, which generated local employment and training opportunities, is expected to significantly reduce carbon emissions and heavy fuel oil consumption, supplying approximately 30% of the site’s electricity demand. This initiative aligns with B2Gold’s commitment to renewable energy and its goal of reducing greenhouse gas emissions by 30% by 2030.
More about B2Gold
B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, the company operates gold mines in Mali, Namibia, and the Philippines, with the Goose Project under construction in northern Canada. B2Gold is also engaged in numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The company forecasts total consolidated gold production of between 970,000 and 1,075,000 ounces in 2025.
YTD Price Performance: 33.47%
Average Trading Volume: 31,095,623
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.93B
Learn more about BTO stock on TipRanks’ Stock Analysis page.