B2Gold (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has provided a new life-of-mine plan for the Goose project in Nunavut, Canada that confirms its previous timeline and cost estimates, but lowered its high-confidence resource count.
Goose represents B2Gold’s first project in the Back River gold district, which consists of 11 mineral claims blocks along an 80-km belt. The proposed mine is scheduled to pour its first gold in the second quarter of this year, ramping up to commercial production the following quater.
The company’s new mine plan is based on a technical report containing an updated gold reserve estimate for the Goose project, totalling 11.3 million tonnes grading 6.82 grams per tonne gold for a total of 2.48 million oz. This reserve base is expected to support continuous gold production over nine-year mine life, with annual production of 270,000 oz., including 300,000 oz. during the first six…
