The acceleration of certain capital expenses, which were initially scheduled for after the start of production, has also contributed to the revised estimate, it added.
According to the company, construction and development continues to progress on track for first gold pour at Goose in the second quarter of 2025 followed by a ramp-up to commercial production in the third quarter.
B2Gold anticipates that once in commercial production, the Goose mine will produce approximately 310,000 ounces of gold per year over the first full five years.
Deal for Fekola mine
Earlier this week, B2Gold announced that it has reached terms with the government of Mali to resolve all issues surrounding the Fekola mine complex and related projects in light of the application of a new mining code.
The Malian government, under a new regime, currently holds a 20% interest in Fekola.
In a press release dated Sept. 11, the Canadian gold miner confirmed that…
