B2Gold Pours First Gold at the Goose Mine
B2Gold Corp. (NYSE AMERICAN: BTG) has announced its first gold pour at the Goose Mine in Nunavut, Canada, marking a significant milestone as the company's fourth producing mine and its first Canadian operating asset. The mine began processing ore on June 24, 2025, currently operating at 50% of nameplate capacity during the initial phase.
The company expects to achieve commercial production in Q3 2025, with projected gold production of 120,000 to 150,000 ounces in 2025. For the first six full years of operations (2026-2031), average annual gold production is estimated at 300,000 ounces per year based on existing Mineral Reserves.
B2Gold has allocated a corporate exploration budget of $61 million for 2025, with $32 million specifically designated for exploration at the Back River Gold District. The company is partnering with the Kitikmeot Inuit Association (KIA) to ensure successful operations and bring long-term socio-economic benefits to the Kitikmeot Region.
B2Gold Corp. (NYSE AMERICAN: BTG) ha annunciato la prima fusione dell'oro presso la miniera Goose in Nunavut, Canada, segnando un traguardo importante come la quarta miniera in produzione della società e il primo asset operativo canadese. La miniera ha iniziato a trattare il minerale il 24 giugno 2025, operando attualmente al 50% della capacità nominale nella fase iniziale.
L'azienda prevede di raggiungere la produzione commerciale nel terzo trimestre 2025, con una produzione di oro stimata tra 120.000 e 150.000 once nel 2025. Per i primi sei anni completi di attività (2026-2031), la produzione media annua di oro è stimata a 300.000 once all'anno basandosi sulle riserve minerarie esistenti.
B2Gold ha stanziato un budget aziendale per l'esplorazione di 61 milioni di dollari per il 2025, di cui 32 milioni di dollari destinati specificamente all'esplorazione nel distretto aurifero di Back River. La società collabora con la Kitikmeot Inuit Association (KIA) per garantire il successo delle operazioni e portare benefici socio-economici duraturi alla regione di Kitikmeot.
B2Gold Corp. (NYSE AMERICAN: BTG) ha anunciado su primer vertido de oro en la mina Goose en Nunavut, Canadá, marcando un hito significativo como la cuarta mina en producción de la compañía y su primer activo operativo en Canadá. La mina comenzó a procesar mineral el 24 de junio de 2025, operando actualmente al 50% de su capacidad nominal durante la fase inicial.
La empresa espera alcanzar la producción comercial en el tercer trimestre de 2025, con una producción proyectada de oro de 120,000 a 150,000 onzas en 2025. Para los primeros seis años completos de operaciones (2026-2031), la producción anual promedio de oro se estima en 300,000 onzas por año, basándose en las reservas minerales existentes.
B2Gold ha asignado un presupuesto corporativo para exploración de $61 millones para 2025, con $32 millones específicamente destinados a la exploración en el Distrito Aurífero Back River. La compañía se asocia con la Kitikmeot Inuit Association (KIA) para asegurar operaciones exitosas y aportar beneficios socioeconómicos a largo plazo a la región de Kitikmeot.
B2Gold Corp. (NYSE AMERICAN: BTG)가 캐나다 누나부트의 구스 광산에서 첫 금 주조를 발표하며, 회사의 네 번째 생산 광산이자 첫 번째 캐나다 운영 자산이라는 중요한 이정표를 세웠습니다. 광산은 2025년 6월 24일에 광석 처리를 시작했으며, 초기 단계에서 명판 용량의 50%로 운영 중입니다.
회사는 2025년 3분기에 상업 생산을 달성할 것으로 예상하며, 2025년 금 생산량은 12만에서 15만 온스로 예상됩니다. 2026년부터 2031년까지 첫 6년간의 연평균 금 생산량은 기존 광물 매장량을 기준으로 연 30만 온스로 추정됩니다.
B2Gold는 2025년 탐사 예산으로 6100만 달러를 배정했으며, 그 중 3200만 달러는 백 리버 금광 지역 탐사에 특별히 지정되었습니다. 회사는 키티크미오트 이누이트 협회(KIA)와 협력하여 성공적인 운영을 보장하고 키티크미오트 지역에 장기적인 사회경제적 혜택을 제공할 계획입니다.
B2Gold Corp. (NYSE AMERICAN : BTG) a annoncé sa première coulée d'or à la mine Goose au Nunavut, Canada, marquant une étape importante en tant que quatrième mine en production de la société et premier actif opérationnel canadien. La mine a commencé à traiter le minerai le 24 juin 2025, fonctionnant actuellement à 50 % de sa capacité nominale durant la phase initiale.
La société prévoit d'atteindre la production commerciale au 3e trimestre 2025, avec une production d'or projetée entre 120 000 et 150 000 onces en 2025. Pour les six premières années complètes d'exploitation (2026-2031), la production annuelle moyenne d'or est estimée à 300 000 onces par an, basée sur les réserves minérales existantes.
B2Gold a alloué un budget d'exploration corporatif de 61 millions de dollars pour 2025, dont 32 millions de dollars spécifiquement dédiés à l'exploration dans le district aurifère de Back River. La société collabore avec la Kitikmeot Inuit Association (KIA) pour assurer le succès des opérations et apporter des bénéfices socio-économiques durables à la région de Kitikmeot.
B2Gold Corp. (NYSE AMERICAN: BTG) hat den ersten Goldguss in der Goose Mine in Nunavut, Kanada, bekannt gegeben und damit einen bedeutenden Meilenstein erreicht: die vierte produzierende Mine des Unternehmens und das erste operative kanadische Vermögen. Die Mine begann am 24. Juni 2025 mit der Verarbeitung von Erz und arbeitet in der Anfangsphase derzeit mit 50 % der Nennkapazität.
Das Unternehmen erwartet die Aufnahme der kommerziellen Produktion im dritten Quartal 2025 mit einer prognostizierten Goldproduktion von 120.000 bis 150.000 Unzen im Jahr 2025. Für die ersten sechs vollen Betriebsjahre (2026-2031) wird die durchschnittliche jährliche Goldproduktion basierend auf den bestehenden Mineralreserven auf 300.000 Unzen pro Jahr geschätzt.
B2Gold hat für 2025 ein unternehmensweites Explorationsbudget von 61 Millionen US-Dollar vorgesehen, davon 32 Millionen US-Dollar speziell für die Exploration im Back River Gold District. Das Unternehmen arbeitet mit der Kitikmeot Inuit Association (KIA) zusammen, um einen erfolgreichen Betrieb sicherzustellen und langfristige sozioökonomische Vorteile für die Kitikmeot-Region zu schaffen.
- First gold pour achieved at Goose Mine, adding a fourth producing mine to B2Gold's portfolio
- Projected gold production of 120,000-150,000 ounces in 2025
- Expected average annual production of 300,000 ounces for 2026-2031
- Significant exploration potential with $32 million budgeted for Back River Gold District
- Strong partnership with Kitikmeot Inuit Association supporting local development
- Currently operating at only 50% of nameplate capacity during initial phase
- Commercial production not yet achieved, pending ramp-up in Q3 2025
Insights
B2Gold achieves first gold pour at Goose Mine, adding 120,000-150,000 ounces in 2025 with 300,000 ounces annually starting 2026.
B2Gold has reached a significant operational milestone with the first gold pour at its Goose Mine in Nunavut, Canada. This development represents the company's fourth producing mine and its first Canadian asset, marking an important diversification in B2Gold's production portfolio.
The operational ramp-up appears to be proceeding according to plan. The mill began processing ore on June 24 and is currently running at
More importantly, the long-term production profile shows substantial growth potential. B2Gold projects
The company is backing its confidence in the Back River Gold District with substantial exploration investment, allocating
The partnership with the Kitikmeot Inuit Association provides critical social license to operate in the region, with B2Gold emphasizing their commitment to addressing community concerns and delivering socio-economic benefits to the Kitikmeot Region.
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the first gold pour at the Goose Mine. The Goose Mine forms part of the Back River Gold District located in Nunavut, Canada, and is the Company’s fourth producing mine in the current operating portfolio and its first Canadian operating asset.
In announcing first gold production, Clive Johnson, President & CEO of B2Gold stated, “I am pleased to announce that the Goose Mine has achieved its inaugural gold pour, a true milestone for our staff and our partners who have worked tirelessly to reach this achievement. The commencement of gold production at the Goose Mine marks an exciting step in B2Gold’s history, further diversifying and adding to the quality of the Company’s existing global operating portfolio. We look forward to many years of safe and successful production at the Goose Mine, as well as further unlocking the value of the entire Back River Gold District.”
First ore was introduced to the Goose Mine processing facilities on June 24, 2025, and the mill has run consistently at approximately
B2Gold acknowledges our partner the Kitikmeot Inuit Association (“KIA”), who has played a critical role for many years to ensure the development of a successful gold mining operation at the Goose Mine. Respect and collaboration with the KIA is central to the license to operate in the Back River Gold District and B2Gold will prioritize operating the Goose Mine in a manner that recognizes Inuit priorities, addresses concerns, and brings long-term socio-economic benefits to the Kitikmeot Region. B2Gold looks forward to continuing to build on its strong collaboration with the KIA and Kitikmeot Communities.
With the first gold pour at the Goose Mine having been achieved, the Company expects a ramp up to commercial production in the third quarter of 2025. B2Gold continues to estimate that gold production in 2025 will be between 120,000 and 150,000 ounces, and that average annual gold production for the initial full six years of operations (2026 to 2031 inclusive) will be approximately 300,000 ounces per year, based only on existing Mineral Reserves. B2Gold’s exploration programs have been successful in upgrading Inferred Mineral Resources to Indicated Mineral Resources, and the Company anticipates that trend continuing moving forward. Significant exploration potential remains across the Back River Gold District. B2Gold’s corporate exploration budget is
About B2Gold Corp.
B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries. B2Gold forecasts gold production of between 970,000 and 1,075,000 ounces in 2025.
ON BEHALF OF B2GOLD CORP.
“Clive T. Johnson”
President & Chief Executive Officer
For more information on B2Gold, please visit the Company’s website at www.b2gold.com or contact:
Michael McDonald
VP, Investor Relations, Corporate Development & Treasury
+1 604-681-8371
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.
Production guidance presented in this news release reflect total production at the mines B2Gold operates on a
This news release includes certain "forward-looking information" and "forward-looking statements" ("collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, including projected cash operating costs and AISC, and budgets on a consolidated and mine by mine basis; future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; statements regarding anticipated exploration, drilling, development, construction, permitting and other activities or achievements of B2Gold; and including, without limitation: total consolidated gold production of between 970,000 and 1,075,000 ounces in 2025; the Goose Mine achieving commercial production in Q3 2025; 2025 gold production at the Goose Mine of 120,000 to 150,000 ounces; average annual gold production of approximately 300,000 ounces from 2026 to 2031 at the Goose Mine; and future upgrading of Inferred Mineral Resources to Indicated Mineral Resources. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali, Namibia, the Philippines, Canada, and Colombia and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov, respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements.
B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
investor@b2gold.com
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