B2Gold’s Goose Project on Schedule, Costs Surge

B2Gold (TSE:BTO) has released an update.

B2Gold Corp. has successfully completed its planned construction for 2024 at the Goose Project in Nunavut, staying on schedule for initial gold production in Q2 2025, with an expected annual output of 310,000 ounces over the first five years. However, the construction and development costs have risen to C$1,540 million, a 23% hike largely due to a delay in production and the acceleration of capital investments aimed at enhancing project reliability.

For further insights into TSE:BTO stock, check out TipRanks’ Stock Analysis page.