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B2Gold Corp. Announces Very Positive Results from the Expansion Study Preliminary Economic Analysis for the Fekola Mine in Mali (owned 80% B2Gold: 20% State of Mali)
B2Gold Corp. Announces Very Positive Results from the Expansion Study Preliminary Economic...
About this update from B2gold Corp.
[{"type":"text","content":"\n\n\n\nB2Gold Corp. Announces Very Positive Results from the Expansion Study Preliminary Economic Analysis for the Fekola Mine in Mali (owned 80% B2Gold: 20% State of Mali)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 26, 2019\n\n\n\nB2Gold's Directors have approved the Expansion\n VANCOUVER, March 26, 2019 /CNW/ - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (\"B2Gold\" or the \"Company\") is pleased to announce very positive results from the Expansion Study Preliminary Economic Assessment (\"PEA\") for the Fekola Mine located in Mali and that the Company is proceeding with an expansion project to increase processing throughput by 1.5 million tonnes per annum (\"Mtpa\") to 7.5 Mtpa from the current base rate of 6 Mtpa. All dollar figures are in United States dollars unless otherwise indicated.\nThe Expansion Study PEA was conducted to evaluate the life-of-mine (\"LoM\") options for expanded mining and processing to maximize the value of the substantially increased Indicated and Inferred Mineral Resource at the Fekola Mine (see news release dated October 25, 2018) (see also the Company's current AIF, filed on SEDAR on March 20, 2019, which reflects 2018 gold production). Results of this study recommend an expansion of the existing plant to process an additional 1.5 Mtpa, resulting in a baseline capacity of 7.5 Mtpa without requiring an additional ball mill or additional power generation capacity. Based on the new optimized mine plan, the mining rate at Fekola will also be increased, along with additional mining equipment to accelerate the supply of higher-grade ore to the expanded processing facilities. As a result of the project and Mineral Resource expansion, the Fekola Mi...