B2Gold Updates Goose Project Plan, Expects Enhanced Gold Production

B2Gold Corp. has released an updated life-of-mine plan for its Goose project in Nunavut, Canada, confirming its timeline for first gold production in the second quarter of 2025 and commercial production in the third quarter. The new plan reveals a gold reserve estimate of 11.3 million tonnes at 6.82 grams per tonne, totaling 2.48 million ounces, although some previously indicated resources were downgraded to inferred under stricter guidelines. The all-in sustaining cost for production is projected at $1,547 per ounce, higher than earlier estimates. B2Gold is also exploring potential expansions to increase mill throughput and is optimistic about further resource conversions through infill drilling. Despite a slight negative impact from the updated resource classifications, BMO Capital Markets has maintained an “outperform” rating on B2Gold, adjusting its price target to C$6.50. Overall, the company aims to enhance its production profile with an average of 300,000 ounces annually over the first six years of operation.