B2Gold Pours First Gold at the Goose Mine

Core Viewpoint - B2Gold Corp. has successfully achieved its first gold pour at the Goose Mine, marking a significant milestone in the company's history and expanding its operational portfolio in Canada [1][2]. Company Operations - The Goose Mine is located in the Back River Gold District in Nunavut, Canada, and is B2Gold's fourth producing mine [1]. - The first ore was processed on June 24, 2025, with the mill operating at approximately 50% of its nameplate capacity during the initial phase [2]. - The company aims to ramp up to commercial production in the third quarter of 2025, with a focus on increasing throughput to full design capacity [2][4]. Production Estimates - B2Gold estimates gold production for 2025 to be between 120,000 and 150,000 ounces from the Goose Mine [4]. - Average annual gold production for the first six years of operations (2026 to 2031) is projected to be approximately 300,000 ounces per year based on existing Mineral Reserves [4]. - The overall gold production forecast for B2Gold in 2025 is between 970,000 and 1,075,000 ounces [5]. Exploration and Development - B2Gold has allocated a corporate exploration budget of $61 million for 2025, with $32 million specifically for exploration in the Back River Gold District [4]. - The company has successfully upgraded Inferred Mineral Resources to Indicated Mineral Resources and anticipates this trend to continue [4]. Partnerships and Community Engagement - B2Gold acknowledges the critical role of the Kitikmeot Inuit Association (KIA) in the development of the Goose Mine and emphasizes the importance of collaboration and respect for Inuit priorities [3]. - The company aims to operate the Goose Mine in a manner that brings long-term socio-economic benefits to the Kitikmeot Region [3].