GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

B2Gold’s African gold mines have already delivered 591,806 ounces for the first nine months of the year

The B2Gold company produced 738,939 ounces of gold for the first nine months of the year, of which 591,806 came from the Fekola (Mali) and Otjikoto (Namibia) mines. It has garnered $ 1.309 billion in revenue since January and is approaching its production target (1 to 1.05 million ounces). 

B2Gold’s African gold mines have already delivered 591,806 ounces for the first nine months of the year
The mining company B2Gold published on October 15 its operational and financial report for the third quarter ended last September. Gold production attributable to the company increased 17% from the same period last year to 248,733 ounces, bringing the total for the first nine months of the year to 738,939 ounces.

Despite the Covid-19 pandemic and the political crisis in Mali, the Fekola gold mine confirms its status as the main asset with production of 152,535 ounces for the quarter and 463,970 ounces for the first nine months. For its part, the Otjikoto mine (Namibia) produced 42,591 ounces in the last three months, for a total of 127,836 ounces delivered in nine months. The balance of production comes from the Masbate gold mine in the Philippines. 



This strong performance translated into a 57% year-on-year increase in sales revenue for the quarter ($ 487 million), bringing year-to-date revenue to $ 1.309 billion. Note that with these results, B2Gold is getting closer to its goal of producing between 1,000,000 and 1,055,000 ounces of gold this year.