{"id":1115731,"date":"2019-05-13T10:54:50","date_gmt":"2019-05-13T10:54:50","guid":{"rendered":"http:\/\/www.mining.com\/?p=987234"},"modified":"2019-05-13T10:54:50","modified_gmt":"2019-05-13T10:54:50","slug":"b2gold-to-produce-5m-ounces-of-gold-at-mali-mine-after-50m-expansion","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1115731","title":{"rendered":"B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion"},"content":{"rendered":"

Mid-tier Canadian miner\u00a0B2Gold (TSX:BTO)(NYSE: BTG)\u00a0will invest $50 million into expanding\u00a0its 80%-owned Fekola<\/a> mine in southwestern Mali, which would allow the operation churn out 5 million ounces of gold over the new mine life of 12 years.<\/p>\n

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 \u2013 2024, and over 400,000 ounces during the remaining seven years.<\/p>\n

The project could also take the operation\u2019s processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.<\/p>\n

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 \u2013 2024.<\/q><\/p>\n

The decision comes as the results of a preliminary expansion assessment (PEA),\u00a0published on May 10<\/a>, recommended extending the mine\u2019s fleet and upgrading the existing plant to process an additional 1.5-million tonnes a year.<\/p>\n

Vancouver-based B2Gold, which\u00a0poured first gold at Fekola<\/a>\u00a0in late 2017, said half of the total capital needed will be spent in this year with the remaining half in 2020. It also said it expected to recover the full investment in less than a year.<\/p>\n

In 2018, its first full year of commercial production, Fekola exceeded expectations, producing 439,068 ounces of gold, while B2Gold expected a maximum of 430,000 ounces.<\/p>\n

B2Gold\u00a0said it continued to further optimize the PEA and expected to incorporate those results into an updated study, which will be available in the final quarter of the year.<\/p>\n

Fekola is located near Mali\u2019s border with Senegal, and about 520 km from the country\u2019s capital, Bamako. The country\u2019s government owns the reminding 20%.<\/p>\n

The post B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.<\/p>\n

The post B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1002,872,404,369,1070,391,518],"tags":[9,17,25,31,43,48,71,81],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115731"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1115731"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115731\/revisions"}],"predecessor-version":[{"id":1115844,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115731\/revisions\/1115844"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1115731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1115731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1115731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}