Canada's B2Gold could spend $740 million on Gramalote mine after confirming viability
By Nelson Bocanegra
BOGOTA, July 14 (Reuters) - Canadian miner B2Gold BTO.TO could spend $740 million to develop its Gramalote mine in central Colombia, the company said on Monday, while announcing the results of the project's feasibility study.
Any investment is subject to a construction decision, the company later said in an email.
The study confirms the technical, economic and environmental viability of the project located in the municipality of San Roque in Colombia's Antioquia department, B2Gold said in a statement.
The company said the project is expected to have a mine life of 11 years and a processing plant life of 13 years.
The study projects average annual gold production at 227,000 ounces during the first five years, and 177,000 ounces per year over the mine's total operating life, B2Gold said.
B2Gold currently operates four gold mines in Mali, the Philippines, Canada and Namibia. Additionally, the company is pursuing exploration and expansion projects in Colombia and Finland.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
