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Could B2Gold produce more than 1 Moz of gold in 2021?

The Fekola mill could sustain an throughput rate which is higher than the original assumed mill expansion throughput rate of 7.5 Mtpa.

Could B2Gold produce more than 1 Moz of gold in 2021?

Consolidated gold production from its three operating mines is expected to be significantly weighted to the second half of 2021.

Issue 5 and Issue 6 of Mining Review Africa will be distributed digitally at our Africa Mining Forum digital event from 2 – 4 November 2021. Each issue covers an industry-relevant trend that is emerging in our industry and driving greater change for the future. Issue 5: Our ESG edition – value add distribution at […]

B2Gold begins international arbitration against Republic of Mali

The operations at the Fekola Mine continue normally and have not been impacted by the dispute relating to the Menankoto Permit.

Mining giant launches major new solar farm in Africa

B2Gold Namibia celebrated the opening of the B2Gold Otjikoto Solar Farm. The event was officiated by the Ministry of Mines and Energy, Tom Alweendo.

B2Gold increases exploration budget at Fekola North

B2Gold has increased the Fekola north extension zone exploration budget based on very positive exploration drill results to date.

B2Gold Corp. to expand Fekola

B2Gold Corp. has announced positive results from the Expansion Study Preliminary Economic Assessment for the Fekola Mine in Mali.

B2Gold and Papillon to merge

B2Gold has entered into a Merger Agreement with Papillon Resources Limited to combine the two companies, with the intent to further the development of the Papillon’s Fekola project in Mali. The combination of B2Gold and Papillon will result in a company with a significant growth profile beyond its three operating mines, which collectively produced 366 […]

B2gold secures funding for Otjikoto mine

[img:B2gold%20-%20Pic%201.thumbnail.jpg|B2gold’s Otjikoto
gold mine near
Otavi in Namibia
] Vancouver, Canada --- 22 April 2013

Canadian-based mid-tier gold producer B2Gold has secured a US$150 million revolving loan facility that will be used in part to finance construction of the Otjikoto Gold Mine near Otavi in Namibia.

Canadian-based mid-tier gold producer B2Gold has secured a US$150 million revolving loan facility that will be used in part to finance construction of the Otjikoto Gold Mine near Otavi in Namibia.

Macquarie Bank Limited is the sole underwriter, and the syndicate includes HSBC Securities (USA) Inc. as a lead arranger with HSBC Bank USA, and National Association who committed to fund US$50 million of the facility. FirstRand Bank Limited, acting through its Rand Merchant Bank division, committed to fund US$25 million

The facility comprises three tranches of US$50 million each for a total of US$150 million and replaces the existing US$25 million revolving credit facility with Macquarie Bank. The term of the facility, which has an interest rate of LIBOR plus a margin of 3.5%, is for a period of four years with a final repayment date of 28 March 2017.

B2Gold said the facility would be used to fund construction and development costs related to the Otjikoto gold project and for general corporate purposes.

Construction of the mine, which has a 12-year life of mine based on the probable reserves, started in earnest in January, although a formal ground-breaking ceremony to be officiated by minister of mines and energy Isak Katali is scheduled for later this month.

Construction is due for completion in the fourth quarter of 2014 when mill production is expected to begin, while the first full year of gold production is scheduled for 2015.

Based on current reserve estimates, the mine is expected to produce about 141,000ozpa of gold for the first five years at an average operating cash cost of US$524/oz.  

The Otjikoto gold project is 92% owned by B2Gold, and 8 % by EVI Gold (Pty) Ltd, a Namibian black empowerment group.

B2Gold is listed on the Namibia and Toronto Stock Exchanges.

Source: B2gold. For more information, click here.

B2Gold shines light on positive exploration results at flagship Fekola

Triple listed B2Gold Corp. has confirmed through exploration drilling that gold mineralisation extends from its flagship Fekola mine reserve pit boundary by 1 km. Mali – Recent positive drilling results in the Fekola North Extension have significantly increased resource potential of the Fekola deposit where good-grade gold mineralisation is hosted in shallow, north-plunging shoots, the […]

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