B2GOLD ANNOUNCES UPDATED MINERAL RESERVE LIFE OF MINE PLAN FOR THE GOOSE PROJECT; COMMENCING A STUDY TO EXPAND MILL THROUGHPUT AT THE GOOSE PROJECT; B2GOLD CONFIRMS CONSTRUCTION AND MINE DEVELOPMENT CASH EXPENDITURE ESTIMATE OF C$1,540 MILLION.
VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the results of a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101”) for the Company’s Back River Gold District located in Nunavut, Canada titled “Goose Project and Back River District, Nunavut, Canada, NI 43-101 Technical Report” (the “Back River Technical Report”), dated effective December 31, 2024. The primary purpose of the Back River Technical Report is to provide an updated life of mine plan for the Goose Project based solely on an updated Mineral Reserve estimate. All dollar figures are in United States dollars unless otherwise indicated. The Back River Technical Report will be filed on SEDAR+ before March 31, 2025.

The Back River Gold District consists of 11 mineral claims blocks along an 80-kilometer (“km”) belt. Construction is underway at the most advanced project in the district, Goose, with construction and development on schedule for first gold pour in the second quarter of 2025, followed by ramp up to commercial production expected in the third quarter of 2025.

Highlights of the Back River Technical Report

Robust Mineral Resources at the Goose Project, with further potential to expand known deposits and discover additional mineralization
Indicated Mineral Resource estimate of 3,560,000 ounces of gold (15.5 million tonnes grading 7.16 grams per tonne (“g/t”) gold;
Indicated Mineral Resource gold grade is a 16% improvement versus the Indicated Mineral Resource gold grade in the last published technical report on the Goose Project (the “Prior Report”) by the prior owner; see & read more on
https://www.b2gold.com/news-media/news-releases/news-details/2025/B2Gold-Announces-Updated-Mineral-Reserve-Life-of-Mine-Plan-for-the-Goose-Project-Commencing-a-Study-to-Expand-Mill-Throughput-at-the-Goose-Project-B2Gold-Confirms-Construction-and-Mine-Development-Cash-Expenditure-Estimate-of-C1540-million/default.aspx