Canada’s B2Gold to Boost Gold Production in 2025 with Mine Acquisition

Canadian gold producer B2Gold Corp (TSX: BTO) is projected to see sharp growth in gold production volumes and revenues on the back of its upcoming Goose Project, located in its 100%-owned Back River Gold District in Nunavut, Canada. The mine was acquired as part of the Sabina Gold & Silver acquisition in 2023 and the new project is expected to commence production in the first quarter of 2025.

Once the mine starts production in 2025, Back River is estimated to be the second largest gold-producing mine for B2Gold after the company’s Fekola mine in Mali. Contributing significantly to B2Gold’s gold production, the Back River mine is expected to produce an average of 236K ounces of gold per year over its 15-year lifespan between 2025 and 2039, with an even higher average gold production of 292K ounces annually in the initial five years. Based on Visible Alpha consensus, in its first year of production the Back River mine is expected to produce 222K ounces of gold, generating $459 million in revenue, or 18.7% of B2Gold’s total revenue.