European Investor
14 Jul 2025, 18:58
B2Gold Reports Positive Feasibility Study for Gramalote Project, Boosting Economic Outlook
B2Gold Corp. announced the results of a positive feasibility study for its 100%-owned Gramalote gold project in Antioquia, Colombia. At a base case gold price of $2,500 per ounce, the study estimates an after-tax NPV (5%) of $941 million and an IRR of 22.4%. At a spot gold price of $3,300, the NPV rises to $1.716 billion with a 33.5% IRR.
Key project metrics include 2.3 million ounces of total gold production over a 13-year life, with average annual output of 227,000 ounces in the first five years. All-in sustaining costs are projected at $985 per ounce. Initial construction capital is estimated at $740 million.
Gramalote is an open-pit project with robust local support, existing permits (to be modified), and extensive drilling completed. The company plans to submit updated environmental and work plans by early 2026.
B2Gold forecasts 2025 gold production between 970,000 and 1,075,000 ounces from its global operations.
B2Gold Corp. announced the results of a positive feasibility study for its 100%-owned Gramalote gold project in Antioquia, Colombia. At a base case gold price of $2,500 per ounce, the study estimates an after-tax NPV (5%) of $941 million and an IRR of 22.4%. At a spot gold price of $3,300, the NPV rises to $1.716 billion with a 33.5% IRR.
Key project metrics include 2.3 million ounces of total gold production over a 13-year life, with average annual output of 227,000 ounces in the first five years. All-in sustaining costs are projected at $985 per ounce. Initial construction capital is estimated at $740 million.
Gramalote is an open-pit project with robust local support, existing permits (to be modified), and extensive drilling completed. The company plans to submit updated environmental and work plans by early 2026.
B2Gold forecasts 2025 gold production between 970,000 and 1,075,000 ounces from its global operations.