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Production / Operations

B2Gold reduces Goose 2025 gold production guidance

By The Northwire Desk — AI Analysis Sep 15, 2025 · 18:32 BTO · 6.06 B2Gold Corp.
BTO · Price

Executive Summary

  • B2Gold confirms 2025 consolidated gold production guidance of 970,000 – 1,075,000 ounces.
  • Updated mine‑specific 2025 production guidance: Goose (80k–110k oz, down), Fekola (515k–550k oz, unchanged), Otjikoto (185k–205k oz, up) and Masbate (190k–210k oz, up).
  • Announces progress on Goose commissioning, underground start‑up at Fekola, Antelope underground development at Otjikoto, and continued strong performance at Masbate.

Key Details

  • Goose Mine (Canada) – First gold pour on June 30 2025; mill operating at ~75% of 4,000 t/d design capacity; commercial production expected in coming weeks.
  • Revised 2025 guidance: 80,000–110,000 oz (previously 120,000–150,000 oz).
  • Q4‑2025 production still expected at ~70,000 oz.
  • Long‑term forecasts: ≈250k oz in 2026, ≈330k oz in 2027; average ≈300k oz/yr (2026‑2031).

  • Ongoing optimization studies (flotation/concentrate leach, potential SAG mill) to be finalized late 2025.

  • Fekola Complex (Mali) – State of Mali approved underground operations on July 30 2025; stope ore now processed through mill with positive grade reconciliations.

  • Anticipated receipt of Regional exploitation permit by end Q3 2025; pre‑stripping to begin thereafter, with first regional production expected early 2026.
  • Revised 2025 guidance unchanged: 515,000–550,000 oz.
  • Underground contribution revised to 30,000–40,000 oz (up from 25k–35k).

  • Open‑pit (Fekola + Cardinal) contribution: 485,000–510,000 oz (up from 470k–490k).

  • Otjikoto Mine (Namibia) – Exceeded ore tonnage and grade expectations in final pit phases; stockpiles larger than anticipated.

  • Revised 2025 guidance: 185,000–205,000 oz (previously 165k–185k oz).
  • Development decision approved for Antelope underground deposit; pre‑production capital cost reduced to $105 million (down from $129 million).

  • Antelope could add ~110,000 oz/yr once in production (2026‑2027 capital spend).

  • Masbate Mine (Philippines) – Continued outperformance into Q3 2025; mill throughput above plan, grade and recovery on target.

  • Revised 2025 guidance: 190,000–210,000 oz (previously 170k–190k oz).

  • Consolidated Guidance – Company reiterates full‑year 2025 gold production range of 970,000 – 1,075,000 ounces.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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