B2Gold(BTG)

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B2Gold (BTG) Inks Deal to Buy 9.99% Stake in Prospector Metals
ZACKS· 2024-07-02 14:07
Prospector Metals focuses on district-scale, early-stage exploration of gold and base metal opportunities. The deal will provide Prospector Metals with the funds it needs to progress its ML Project in Yukon, Canada. BTG completed the acquisition of Oklo Resources Limited in September 2022. The buyout provides B2Gold with an additional landholding of 1,405 square kilometers covering highly prospective greenstone belts in Mali, West Africa, including the Dandoko Project, which now forms part of the Fekola Com ...
B2Gold (BTG) Sells 10% Stake in Calibre Mining for C$139M
ZACKS· 2024-06-24 15:05
B2Gold Corp. (BTG) announced that it sold 79 million common shares of Calibre Mining Corp, generating gross proceeds of C$139.04 million ($102 million). This move lowered its stake in Calibre to less than 10%. This decision was taken based on investment considerations, such as price, market conditions, capital allocation goals and the company's overall strategy. B2Gold is no longer subject to Insider Reporting Requirements under National Instrument 55-104. The company reported adjusted earnings per share of ...
B2Gold Announces Voting Results from its 2024 Annual General and Special Meeting
Newsfilter· 2024-06-22 00:00
VANCOUVER, British Columbia, June 21, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Thursday, June 20, 2024. A total of 845,972,994 common shares were voted at the Meeting, representing 64.75% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before ...
B2Gold (BTG) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-06-21 23:20
B2Gold (BTG) closed the most recent trading day at $2.65, moving -0.38% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.18%. Shares of the gold, silver and copper miner witnessed a loss of 2.92% over the previous month, beating the performance of the Basic Materials sector with its loss of 6.35% and underperforming the S&P 500's gain of 3.15%. The investment community will be pa ...
B2Gold Announces Sale of C$139 Million of Calibre Mining Shares
Newsfilter· 2024-06-21 10:30
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release. Immediately prior to the Transaction, B2Gold owned 110,950,333 common shares of Calibre representing approximately 14.1% of Calibre. As a result of the Transaction, B2Gold's ownership has decreased to less than 10% of the issued and outstanding common shares of Calibre and B2Gold has ceased to be a "reporting insider" as defined in National Instrument 55-104 – Insider Reporting Req ...
B2Gold Announces Sale of C$139 Million of Calibre Mining Shares
GlobeNewswire News Room· 2024-06-21 10:30
Immediately prior to the Transaction, B2Gold owned 110,950,333 common shares of Calibre representing approximately 14.1% of Calibre. As a result of the Transaction, B2Gold's ownership has decreased to less than 10% of the issued and outstanding common shares of Calibre and B2Gold has ceased to be a "reporting insider" as defined in National Instrument 55-104 – Insider Reporting Requirements. Accordingly, B2Gold will no longer file insider or early warning reports in respect of its ownership of securities of ...
B2Gold Announces Initial Inferred Mineral Resource Estimate for the Springbok Zone of the Antelope Deposit at the Otjikoto Mine in Namibia
Newsfilter· 2024-06-20 11:30
Company Overview - B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada, with operating gold mines in Mali, Namibia, and the Philippines, and development projects in Canada, Colombia, and Finland [26] Antelope Deposit Discovery and Development - The Antelope deposit, discovered in 2022, consists of the Springbok Zone, Oryx Zone, and a potential third structure, Impala, with over 36,000 meters drilled into the Springbok Zone to date [2] - The initial Inferred Mineral Resource Estimate for the Springbok Zone is 1.75 million tonnes grading 6.91 g/t gold, totaling 390,000 ounces, meeting the threshold for PEA-level studies [2][3] - Ongoing exploration drilling on the Oryx Zone has returned high-grade intervals, indicating potential to increase the Mineral Resource estimate [2] - Subject to a positive PEA study and permit, mining of the Springbok Zone could contribute to gold production at Otjikoto by 2026, potentially supplementing low-grade stockpile processing through 2031 [2] Exploration and Drilling Program - The 2024 exploration budget for Namibia is $9 million, funding the largest drill program at the Otjikoto Mine since 2012, with 39,000 meters of drilling planned and five rigs currently active [12] - Drilling at the Springbok Zone has intersected high-grade intervals, such as 21.64 g/t gold over 5.88 meters and 13.68 g/t gold over 6.10 meters, indicating mineralization remains open-ended to the southeast [15][20] - The Antelope deposit mineralization has been intersected over a combined strike length of approximately 1,500 meters, with over two kilometers of prospective stratigraphy remaining untested [13] Resource Model and Methodology - The Springbok Zone Mineral Resource model was prepared in-house, with 60 diamond drillholes (32,249 meters) completed in support of the June 2024 estimate [5] - High-grade and low-grade mineralization domains were modeled in three dimensions, with gold grades estimated using Inverse Distance Cubed interpolation [9][10] - The average density is 3.11 t/m3 in the low-grade domain and 3.37 t/m3 in the high-grade domain, based on 4,382 bulk density measurements [6] Future Potential and Strategic Implications - The Springbok Zone's initial Inferred Mineral Resource is a significant milestone, with mineralization characterized by quartz-pyrrhotite-magnetite veins and visible gold, overprinted by deformation along marble beds [14] - The deposit's high-grade gold mineralization exhibits continuity along a shoot-like geometry, suggesting potential for underground mining similar to the Wolfshag deposit [15] - The Antelope deposit's development could enhance B2Gold's production profile, with the potential to increase gold production levels to over 100,000 ounces per year from 2026 through 2031 [2]
B2Gold Announces Initial Inferred Mineral Resource Estimate for the Springbok Zone of the Antelope Deposit at the Otjikoto Mine in Namibia
GlobeNewswire News Room· 2024-06-20 11:30
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release. Highlights Initial discovery to commencement of a Preliminary Economic Assessment ("PEA") in under two Notes: Resource Model Methodology All resources at the Springbok Zone are hosted within fresh rock. 2024 Otjikoto Exploration Drilling Program VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Com ...
B2Gold (BTG) Provides Upbeat Assessment Results for Gramolate
ZACKS· 2024-06-19 16:31
B2Gold Corp. (BTG) has announced the results of a new Preliminary Economic Assessment ("PEA") for its fully owned Gramalote gold project, which indicate its potential to become a medium-scale, low-cost, open pit gold mine. The Gramalote Project boasts significant infrastructure advantages, such as a reliable water supply, proximity to highways that suggest efficient transportation links and access to a skilled labor force. Excellent metallurgical characteristics of the ore, which ensure high recovery rates ...
B2Gold Announces Positive Preliminary Economic Assessment Results for the Gramalote Project; After-Tax NPV (5%) of $778 Million with an After-Tax IRR of 20.6%
Newsfilter· 2024-06-19 02:30
Highlights characteristics Open pit gold mine with an initial life of mine of 10 years, with mill processing over 12.5 years ("Life of Project") Average grade processed of 1.26 grams per tonne ("g/t") gold over the first five years, benefitting from the processing of the higher-grade core at the Gramalote Project; Life of Project average grade processed of 1.00 g/t gold Life of Project gold production of approximately 2.3 million ounces with an average gold recovery of 95.9% from conventional milling, flota ...