B2Gold Announces Positive Preliminary Economic Assessment Results for the Gramalote Project; After-Tax NPV (5%) of $778 Million with an After-Tax IRR of 20.6%

Date:

VANCOUVER, British Columbia, June 18, 2024 (GLOBE NEWSWIRE) — B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the results of a positive Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) on its 100% owned Gramalote gold project located in the Department of Antioquia, Colombia (the “Gramalote Project”). All dollar figures are in United States dollars unless otherwise indicated.

Highlights

  • Significant gold production profile with low-cost structure and favorable metallurgical characteristics

    • Open pit gold mine with an initial life of mine of 10 years, with mill processing over 12.5 years (“Life of Project”)
    • Average grade processed of 1.26 grams per tonne (“g/t”) gold over the first five years, benefitting from the processing of the higher-grade core at the Gramalote Project; Life of…

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