B2Gold Corp. Achieves First Gold Pour at Goose Mine, Marks Major Operational Milestone
- B2Gold Corp. celebrates its first gold pour at the Goose Mine, its fourth producing mine and first in Canada.
- The company aims to reach full operational capacity by Q3 2025 while collaborating with the Kitikmeot Inuit Association.
- B2Gold projects 2025 gold output of 120,000 to 150,000 ounces, supported by a $61 million exploration budget.
B2Gold Corp. Celebrates Milestone at Goose Mine with First Gold Pour
B2Gold Corp. reaches a significant milestone with the successful pour of its first gold at the Goose Mine in Nunavut's Back River Gold District. This achievement marks the company’s fourth producing mine and its inaugural operational asset in Canada. The initial introduction of ore to the processing facilities begins on June 24, 2025, with the mill currently operating at about 50% of its nameplate capacity, in line with the company's expectations. B2Gold aims to ramp up operations to full design capacity by the third quarter of 2025 by synchronizing the remaining generators and optimizing process circuits.
B2Gold recognizes the importance of collaboration with the Kitikmeot Inuit Association (KIA) in the development of the Goose Mine. The company stresses that respectful engagement with the KIA is essential for securing its operational license in the region. B2Gold is committed to aligning its mining practices with Inuit priorities, addressing community concerns, and fostering long-term socio-economic benefits for the Kitikmeot Region. Strengthening relationships with local communities is a core aspect of B2Gold’s operational strategy, ensuring that community contributions play a vital role in the mine's success.
The successful gold pour at the Goose Mine not only signifies a critical advancement for B2Gold but also highlights the company’s dedication to responsible mining practices and community involvement. As B2Gold progresses with its operations, the company looks to build on this milestone by enhancing collaboration with the KIA and ensuring that local voices are integral to its operational decisions. This approach reflects B2Gold’s commitment to sustainable mining practices that benefit both the company and the communities in which it operates.
In addition to this operational milestone, B2Gold has announced its production guidance for 2025, projecting gold output between 120,000 and 150,000 ounces. The company expects to average approximately 300,000 ounces per year from 2026 to 2031, based on existing Mineral Reserves. This optimistic outlook is fueled by successful exploration efforts that have upgraded Inferred Mineral Resources to Indicated Mineral Resources, showcasing B2Gold's confidence in its operational capabilities.
To support its growth and exploration initiatives, B2Gold allocates a corporate exploration budget of $61 million for 2025, with $32 million designated specifically for the Back River Gold District. This strategic investment underlines the company’s commitment to enhancing its resource base and maximizing production efficiency in the future, positioning B2Gold for sustained growth in the competitive gold mining sector.