B2Gold achieves first gold pour at Goose mine in Canada, projecting positive growth
From Yahoo Finance: 2025-07-01 09:58:00
Canadian gold mining company B2Gold achieves first gold pour at Goose mine in Nunavut, marking a milestone for its Canadian operations. Initial ore processed at 50% capacity, aiming for full capacity by third quarter 2025. Kitikmeot Inuit Association crucial to development, with commitment to aligning with Inuit priorities and delivering socio-economic benefits.
B2Gold president Clive Johnson expresses excitement over Goose mine’s gold production, diversifying company’s global portfolio. Cooperation with Kitikmeot Inuit Association essential for operations in the region. Anticipates commercial production in third quarter 2025, projecting 120,000 to 150,000 ounces of gold for the year, with an average annual yield of 300,000oz over the first six full years.
Company allocates C$61m for 2025 corporate exploration budget, with C$32m for Back River gold district exploration. Plans to cut 300 jobs at Namibia’s Otjikoto gold mine due to open pit reserve depletion. B2Gold emphasizes commitment to safe and successful production at Goose mine and unlocking value in Back River gold district.