- B2Gold Corp. (TSX:BTO) reported that construction on its Goose Project in Nunavut is on budget and on track to pour first gold in Q1 2025
- The company stated that all long lead items for the 2024 construction season have been received at its freight consolidation points, prepped for ship transport and the 2023 sealift is underway
- The updated construction capital expenditure by B2Gold is C$800 million, plus C$90 million for accelerating underground development
- B2Gold Corp. last traded at C$3.89 per share
B2Gold Corp. (TSX:BTO) reported that construction on its Goose Project in Nunavut is on budget and on track to pour first gold in Q1 2025.
The Goose Project is in the Back River Gold District.
The Vancouver-based miner acquired the Back River Gold District as part of its acquisition of Sabina Gold & Silver in April 2023.
The company stated that all long lead items for the 2024 construction season have been received at its freight consolidation points, prepped for ship transport, and the 2023 sealift is underway.
The updated construction capital expenditure by B2Gold is C$800 million, plus C$90 million for accelerating underground development. This was in line with the company’s previous estimate.
Accelerated underground mining plan adopted to increase average gold production in the first five years to more than 300,000 ounces per year.
Phase 1 of the accommodation complex opened in July 2023 and includes 310 beds at the permanent site location, which together with the 160 beds at the existing exploration camp, provide accommodation to support accelerated construction, mining and exploration activities.
The company expects the ball mill to be set in place in December 2023.
B2Gold Corp. is a gold producer with three operating gold mines in Mali, Namibia and the Philippines, a mine under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.
B2Gold Corp. last traded at C$3.89 per share.
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