B2Gold Announces $941M Feasibility Study for Gramalote Gold Project Colombia

B2Gold Corp. has released a positive feasibility study for its fully owned Gramalote gold project in Antioquia, Colombia, demonstrating strong economic potential with an after-tax net present value (NPV) of $941 million and an internal rate of return (IRR) of 22.4% at a gold price of $2,500 per ounce. At the current spot price of $3,300 per ounce, the after-tax NPV rises to $1.72 billion with an IRR of 33.5%. The open-pit mine is expected to produce approximately 2.3 million ounces of gold over a 13-year period, with an average annual output of 227,000 ounces in the first five years and all-in sustaining costs estimated at $985 per ounce. The project requires permit updates expected to take 12 to 18 months and has a construction capital cost estimated at $740 million. B2Gold plans to file a technical report in compliance with National Instrument 43-101 within 45 days and has received a consensus brokerage rating of 'Hold,' with analysts projecting a potential upside in the company's stock price. The project benefits from favorable metallurgical characteristics and strong community support, highlighting its significance within the global mining sector.