Flagship Gold partners with Mali for Morila gold mine revival

New York-based Flagship Gold has partnered with Mali's state-owned miner, the Mineral Resources Research and Exploitation Company (SOREM), to restart production at the Morila gold mine. This marks the first US investment under Mali's new mining code, which was adopted in August 2023. The agreement, signed on 9 October, allows Flagship to acquire equity in operating company Morila SA. The Morila mine contains estimated reserves of 2.5 million ounces (moz). Located in the southern city of Sanso in Mali's ...