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%

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 ...