B2Gold announces positive results from economic assessment on Gramalote gold project in Colombia

From GlobeNewswire: 2024-06-18 22:30:13

B2Gold Corp. announces positive results from a Preliminary Economic Assessment on its Gramalote gold project in Colombia. The project includes 10 years of mining with an initial production focus on higher-grade ore, averaging 234,000 ounces of gold annually. The Life of Project average grade processed is 1.00 g/t gold with an average recovery rate of 95.9%. Estimated pre-production capital costs are $807 million, with projected strong economics and after-tax free cash flow of $1.38 billion. Feasibility work is set to begin with completion expected by mid-2025. The project benefits from strong community support and existing mining permit in place.



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