B2Gold provides a construction update on the Goose Project, located in the 100% owned Back River Gold District in Nunavut, Canada. B2Gold acquired the Back River Gold District as part of the acquisition of Sabina Gold & Silver in April 2023. Goose Project Update Highlights: Goose Project on schedule for first gold pour in Q1 2025; Construction capital expenditures remain in line with June 2023 estimate of C$800 million; Accelerated underground mining plan adopted to increase average gold production in the first five years to over 300,000 ounces per year; Concrete and steel work in the mill area progressing ahead of schedule; Phase 1 of the accommodation complex opened in July 2023; Earthworks necessary to extend airstrip to be completed in September 2023; Winter ice road preparations are well underway; 11,000 meters of drilling over 44 drill holes has been completed to date in 2023 at Back River.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BTG:
- B2Gold Provides Construction Update for the Goose Project in Nunavut, Canada; Construction on Budget and on Track to Pour First Gold in Q1 2025
- B2Gold to Consolidate Gramalote Project by Acquiring AngloGold Ashanti’s 50% Stake
- B2Gold assumed with a Sector Perform at RBC Capital
- B2Gold Declares Third Quarter 2023 Dividend of $0.04 per Share
- B2Gold Announces Dividend Reinvestment Plan
Questions or Comments about the article? Write to editor@tipranks.com