VANCOUVER, British Columbia, Feb. 04, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the preliminary results of a positive Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 on the Antelope deposit located at the Company’s Otjikoto open pit and underground gold mine in Namibia (“Otjikoto”). The Antelope deposit, which comprises the Springbok Zone, the Oryx Zone, and a possible third structure, Impala, subject to confirmatory drilling, is located approximately 4 kilometers (“km”) southwest of the existing Otjikoto open pit. All dollar figures are in United States dollars unless otherwise indicated.
Highlights
Enhances the production profile at Otjikoto, with continued strong exploration upside at the Antelope deposit
Underground gold mine with an initial life of mine of approximately 5 years (“Life of Mine”).
Average grade processed of 5.75 grams per tonne (“g/t”) gold over the Life of Mine.
Life of Mine gold production of approximately 327,000 ounces with an average gold recovery of 95%.
Average annual gold production expected to be approximately 65,000 ounces per year over the Life of Mine.
In combination with the processing of existing low-grade stockpiles, average annual Otjikoto gold production expected to be approximately 110,000 ounces per year from 2029 through 2032. see & read more on
https://www.b2gold.com/news-media/news-releases/news-details/2025/B2Gold-Announces-Positive-Preliminary-Economic-Assessment-Results-for-the-Antelope-Deposit-at-the-Otjikoto-Mine-in-Namibia-After-Tax-NPV-5-of-131-Million-with-an-After-Tax-IRR-of-35/default.aspx |