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Thread: B2Gold Corp (NYSE: BTG)

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  1. #1

    Default B2Gold Corp (NYSE: BTG)

    I can't believe that their no thread for this company here. I've held this company off and on for a few years. At present the stock is in the $3.50 range (US$) and pays a 4.58% dividend. website: https://www.b2gold.com/

    6-21-2023: "B2Gold Announces Updated and Significantly Increased Mineral Resource Estimate for the Anaconda Area, Located Near the Fekola Mine, Mali

    VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce an updated and significantly increased Mineral Resource estimate for the Anaconda Area (the “June 2023 Mineral Resource estimate”), comprised of the Menankoto permit, the Bantako North permit, and the Bakolobi permit, located approximately 20 kilometers (“km”) from the Fekola Mine. The updated Mineral Resource estimate includes a significant increase in the laterite, saprolite and saprock (collectively “oxide”) Mineral Resources, and an initial sulphide Indicated Mineral Resource estimate.

    Mineral Resource Update Highlights

    Indicated Resources of 2,030,000 gold ounces, an 80% increase from the March 2022 Mineral Resource estimate: June 2023 Mineral Resource estimate, constrained within an optimized pit shell at a gold price of US$1,800 per ounce, includes Indicated Mineral Resources of 57,100,000 tonnes at 1.11 grams per tonne (“g/t”) gold for a total of 2,030,000 ounces of gold.

    Inferred Resources of 2,000,000 gold ounces: June 2023 Mineral Resource estimate, constrained within an optimized pit shell at a gold price of US$1,800 per ounce, includes Inferred Mineral Resources of 46,600,000 tonnes at 1.33 g/t gold for a total of 2,000,000 ounces of gold.

    Anaconda Area Oxide Mineral Resources and the Dandoko Oxide Mineral Resources will form the basis of the engineering study of a Fekola Regional stand-alone mill and oxide processing facilities: Construction of a stand-alone oxide mill would constitute Phase II of the Fekola Regional Development Plan. The engineering study will be based on processing 4 million tonnes per annum (“Mtpa”) of oxide resources. The Company’s optimization study analysis indicates that the combined Fekola Mine and Fekola Regional processing facilities could have the potential to produce more than 800,000 ounces of gold per year from the Fekola Complex, subject to delineation of additional mineral resources and development, completion of feasibility studies, and the receipt of all necessary regulatory approvals and permits.

    Improvement in Anaconda Area Sulphide Mineral Resources total tonnes and grade: Inaugural sulphide Indicated Mineral Resource estimate of 17,400,000 tonnes at 1.40 g/t gold for a total of 780,000 ounces of gold. Sulphide Inferred Mineral Resource estimate of 37,100,000 tonnes at 1.44 g/t gold for a total of 1,720,000 ounces of gold. Sulphide Inferred gold grade improved by 15% from the March 2022 Mineral Resource estimate.

    Continuity of Anaconda Area Oxide Mineral Resources remains strong at higher cut-off grades: To highlight the potential for mining and trucking of higher-grade oxide ore from the Anaconda Area to the Fekola mill before potential completion of the Fekola Regional stand-alone mill and oxide processing facilities, the oxide Indicated Mineral Resource estimate at a 0.6 g/t gold cut-off grade is 23,500,000 tonnes at 1.37 g/t gold for a total of 1,040,000 ounces of gold. Oxide Mineral Resources at Anaconda Area and Dandoko are anticipated to be mined and processed at a lower per tonne unit cost relative to Fekola sulphide ore due to being located closer to surface (lower strip ratio), and cheaper mining and milling costs. Additionally, there is significant synergies between the Fekola Mine and the Fekola Regional deposits due to the sharing of existing infrastructure at Fekola.

    Ongoing exploration drilling at Mamba, Cobra and Taipan continues to intersect high grade-width intervals of oxide and sulphide mineralization that remain open to further exploration success: Since the cut-off date for assays for the June 2023 Mineral Resource estimate, the Company has continued to expand both oxide and sulphide deposits at the Anaconda Area."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  2. #2

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    "VANCOUVER, British Columbia, June 23, 2023 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to provide 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 (“Sabina”) in April 2023.

    Goose Project Construction Update Highlights

    Goose Project remains on schedule for mill completion in Q1 2025: The 2023 winter ice road season was completed, with B2Gold receiving all critical materials necessary to maintain the schedule to complete construction of the mill in the first quarter of 2025. Currently, camp construction is underway, generators are being installed, and construction workshops are being erected.

    Total initial capital expenditure estimate of C$800 million, in line with B2Gold expectations since the Sabina acquisition announcement, reflects scope changes to further optimize the Goose Project: B2Gold has updated the construction budget to de-risk the project and construct a reliable and low operating cost mine. In addition, the Company has made the decision to accelerate underground mining development to increase annual gold production over the first five years of the mine plan, including the mining of the Umwelt crown pillar (discussed below). The cost to accelerate underground mining is estimated at an additional C$90 million.

    Accelerated underground mining development to increase average gold production in the first five years to over 300,000 ounces per year: Mining is underway in the Echo open pit, which will be mined out prior to process commissioning to provide tailings storage capacity. Underground mining has exceeded 1,500 meters of horizontal development and the initial ventilation raise will reach the surface shortly.

    Underground mining is now scheduled to mine and backfill the full Umwelt crown pillar earlier in the mine life, which is expected to contribute over 150,000 ounces of gold production to the life of mine plan: Geotechnical and mine design and engineering is underway with the goal of mining and backfilling the crown pillar prior to completion of the Umwelt open pit using long-hole stoping methods to increase production rates and reduce operating costs. The crown pillar zone contains over 150,000 ounces of gold, which will be mined and processed earlier in the mine life than prior mine plans.

    First winter ice road successfully brought all required materials to complete building envelopes in 2023: Concrete, steel, and consumables required for construction were successfully transported to the Goose Project site on the winter ice road and are staged at the construction site. Construction equipment including cranes, generators, welders, lifts, and tooling are in operation and being used for camp and workshop construction. Completion of the 2023 winter ice road successfully de-risked the development of future winter ice roads.

    Site construction is ongoing, led by Kieran Loughran, who has successfully managed five construction projects for B2Gold and its predecessor company Bema Gold: Mr. Loughran and the B2Gold in-house construction team have successfully built the following projects on-time and on-budget over the past three decades: the Julietta and Kupol mines in Russia, the La Libertad mine in Nicaragua, the Otjikoto mine in Namibia, and the Fekola mine in Mali. The B2Gold in-house construction team is complemented by key personnel previously working on the project with Sabina."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  3. #3

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    Just so you know, I own a butt ton of this stock. I collect my nice dividend every quarter. It is a diamond in the rough.

    The just recently bought Sabina and Goose will be coming online in the next year and a half. Great Management and way undervalued. I keep buying more every month.

  4. #4

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    B2G is a real good company and I wish I had a butt ton in its shares. Or a butt ton of any company's shares. I do own a piddle sub-ounce amount in total. However, with some other real tiny juniors the number of shares makes it seem like it's huge holdings, sometimes. EG $200 in shares does sound real good when you express it as 10,000 shares in XYZ corp. <SEG> Not so much when the fact that it's $0.02/share for the total of $200.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  5. #5

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    I hate B2 GOLD.

    I hate miners. NO MAS.

  6. #6

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    The way miners have been acting of late, I can understand your feelings. I have one shining star that's moving up despite the way the market has been treating miners and several others that are holding their own, but not lighting any fires in gains. I've been amassed at how poorly the market sees miners with gold at near all time highs. But then again, I'm more amassed with the stock market in general going to the moon with all that's going down. If I had more than a token amount invested in mining companies I'd be screaming at the top of my lungs about how I hated miners too.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

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