B2Gold Corp. (TSX:BTO)Mining
B2Gold Corp, founded in 2007, is a gold producing company based in Canada.
As of March 2021, the company has three operating gold mines in Namibia, Mali and the Philippines.
In addition, it owns several exploration and development projects in several countries, including Uzbekistan, Finland, Columbia, Namibia, the Philippines and Mali.
Accretive acquisitions of precious metal properties support long-term growth and generate cash flow, the company claims.
In October 2014, B2Gold Corp merged with Papillion Resources Limited, and the combined entity focuses on developing the Fekola gold project in Mali and optimizing other potential sites.
The Vancouver-based miner commenced processing ore from the open-pit mine in September 2017 and culminated the Fekola mill's construction.
B2Gold Corp commenced construction of a hybrid solar plant at its Fekola mine in 2020. The company expects to reduce heavy fuel oil consumption and carbon dioxide emissions through this facility.
The Canadian company says solar production will reach its full potential by the second quarter of 2021. It is also reported that the solar plant will be the most extensive off-grid facilities in the world.
Masbate Mines is an open-pit mine situated in the Philippines' Masbate Island. B2Gold Corp acquired an interest in the mine by acquiring CGA Mining Ltd in January 2013
The Otijoko Mine is reportedly the largest gold producer in Namibia. The mine is located in Namibia's north-central part. In December 2011, B2Gold merged with Auryx Gold Corp and acquired the Otjikoto Gold Project. However, it received the mining license in 2012, and the gold pour occurred in 2014. The project is powered by a photovoltaic solar plant and a diesel-powered plant.
B2Gold Corp has a 50 per cent interest in the Gramalote Project. It is a joint-venture project between Anglo Gold Ashanti that holds the remaining 50 per cent stake. In January 2020, B2Gold became the operating of the project.
Park Place Suite 3400 – 666 Burrard Street Vancouver, British Columbia Canada V6C 2X8