B2Gold pours first gold at Nunavut’s Goose mine

[Redator]

B2Gold (TSX: BTO, NYSE-A: BTG) says it has poured first gold from the Goose mine in Nunavut. The mine, part of the Back River gold district, becomes the company’s fourth producing mine and its first Canadian operating asset.

“The commencement of gold production at the Goose mine marks an exciting step in B2Gold’s history, further diversifying and adding to the quality of the company’s existing global operating portfolio,” Clive Johnson, B2Gold’s CEO, stated in a press release earlier this week.

“We look forward to many years of safe and successful production at the Goose mine, as well as further unlocking the value of the entire Back River gold district,” he added.

On June 24, the Goose mine processing facilities began receiving the first ore, and the mill has consistently operated at approximately 50% of its nameplate capacity during this initial phase, as planned.

During the third quarter of 2025, operations will focus on maintaining steady performance and increasing throughput to reach full design capacity, B2Gold said, adding that mine operators will synchronize the remaining generators and ensure all process circuits perform as designed.

In the same quarter, the company expects the Goose mine to ramp up to commercial production, with production ranging between 120,000 and 150,000 oz. of gold for the year. As previously estimated, the mine’s annual gold output for the initial full six years of operations (2026 to 2031 inclusive) would reach approximately 300,000 oz.

Meanwhile, B2Gold’s exploration programs have successfully upgraded its mineral resource base, and the company anticipates this trend to continue. In 2025, it allocated C$61 million towards exploration, with C$32 million assigned to the Back River district.