B2Gold Corp. Reports Strong Feasibility Study Results for Gramalote Gold Project
- B2Gold's Gramalote project shows strong economic viability with an After-Tax NPV of $941 million based on current gold prices.
- The feasibility study indicates an After-Tax IRR of 22.4% to 33.5%, demonstrating significant profitability potential for B2Gold.
- B2Gold plans to invest $740 million in Gramalote, emphasizing confidence in profitability and commitment to sustainable mining practices.
B2Gold Corp. Advances Gramalote Gold Project: Feasibility Study Shows Strong Potential
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) announces the results of a recent Feasibility Study (FS) for its wholly owned Gramalote gold project in Antioquia, Colombia, highlighting its economic viability and substantial production capacity. The FS, effective April 1, 2025, reveals a robust After-Tax Net Present Value (NPV) of $941 million based on a gold price of $2,500 per ounce, escalating to $1,716 million with a spot price of $3,300 per ounce. The project boasts an After-Tax Internal Rate of Return (IRR) of 22.4% at the lower price and 33.5% at the higher price, indicating strong profitability under various market conditions.
The Gramalote project is designed to support an open-pit mining operation with a processing capacity of approximately 97,000 tonnes per day. The Mineral Reserve estimate stands at 76.7 million tonnes grading 0.96 grams per tonne, translating to around 2.36 million ounces of contained gold. With projected annual production of 227,000 ounces in the initial five years and an average recovery rate of 95.7%, B2Gold’s investment appears poised to yield significant returns. The feasibility study also emphasizes the project's low operating costs and medium-scale potential, thus appealing to both investors and stakeholders committed to sustainable mining practices.
B2Gold plans to file a comprehensive technical report within 45 days and is actively engaged in health, safety, and environmental initiatives, along with community engagement programs. The local government’s support for responsible mining practices further strengthens the project’s outlook. However, the advancement of Gramalote hinges on securing necessary permits and environmental approvals, alongside maintaining consistent regulatory conditions throughout the development phase. These factors are crucial as B2Gold seeks to establish a sustainable operation while contributing positively to local communities.
In addition to the promising feasibility study results, B2Gold is set to invest $740 million to enhance the Gramalote mine's operations. This significant financial commitment showcases the company’s confidence in the project’s profitability and aligns with its strategic objectives for growth in Latin America. As B2Gold continues to evaluate its mineral resources, the Gramalote project stands out as a pivotal element in its portfolio, promising substantial returns while adhering to environmental and social responsibilities.
Overall, B2Gold's proactive approach in advancing the Gramalote project highlights its dedication to capitalizing on mineral resources in regions with favorable geological prospects, reinforcing its position as a leader in the competitive mining industry.
