B2Gold Corp's Vision for Namibia's Gold Future at African Mining Week 2025
- B2Gold Corp will showcase its gold production expansion strategy at African Mining Week 2025 in Namibia.
- The company plans $7 million for Otjikoto exploration and $10 million for Antelope project development.
- B2Gold emphasizes sustainable mining and local economic growth while enhancing its market position in Africa.
B2Gold Corp Seeks to Transform Namibia's Gold Landscape at African Mining Week 2025
B2Gold Corp is set to showcase its ambitious gold production expansion strategy at the upcoming African Mining Week (AMW) 2025 in Namibia. The event will see Country Manager John Roos take part in a high-level panel during the Gold Summit, which will discuss investment opportunities across Africa's burgeoning gold sectors. With a focus on the Otjikoto Mine and the promising Antelope prospect, B2Gold aims to highlight its commitment to sustainable mining and local economic growth. The company’s efforts come at a time when gold production is not only pivotal for its operations but also for the broader Namibian economy, given the significant contributions in terms of taxes and royalties.
In 2024, B2Gold’s Otjikoto Mine generated an impressive $486 million in revenue, which has had a positive ripple effect on Namibia’s GDP. This financial impact is complemented by the jobs created for local communities, enhancing the company's reputation as a responsible corporate citizen. To further bolster its operations, B2Gold plans to invest $7 million in exploration at the Otjikoto site, alongside a $10 million investment aimed at mitigating risks associated with the development of the Antelope prospect. With a projected pre-production capital cost of $129 million, the Antelope project holds the promise of producing around 65,000 ounces of gold annually over a five-year span, significantly increasing Otjikoto's total output to 110,000 ounces per year from 2029 to 2032, pending a favorable final investment decision in Q3 2025.
In addition to these plans, B2Gold is advancing the Wolfshag underground deposit, ensuring continuity in gold production after the conclusion of open-pit operations at Otjikoto later in 2025. Current stockpiles are expected to support production through 2032, solidifying B2Gold's position in the market. The proactive approach of B2Gold, showcased at AMW, emphasizes its dedication to responsible mining practices and investment in the local economy, reflecting a broader trend of sustainability in Africa's mining sector.
B2Gold’s participation in AMW not only highlights its strategic plans but also reinforces its commitment to being a leader in the African gold mining industry. The conference serves as a vital platform for connecting industry leaders and investors, fostering discussions that can steer the future of mining in Africa. As B2Gold continues to explore new opportunities and enhance existing operations, its contributions are likely to resonate well beyond the immediate economic impacts, promoting long-term sustainability and growth within Namibia.