B2gold Invests c$2 Billion to Develop its New Gold Mine in Nunavut
Vancouver-based B2Gold is investing nearly C$2 billion to construct its first mine in Canada. Previously focused on international gold mining, the company acquired Sabina Gold and Silver Corp. for C$1.2 billion, gaining access to the Back River Gold District. B2Gold’s development plan involves the Goose deposit, which is one of the world’s highest-grade undeveloped gold properties. The company aims to develop the Goose deposit as a combination of open pit and underground operations. An additional C$90 million will be invested to expedite underground mining in order to boost annual gold production to an estimated 300,000 ounces for the initial five years.
Source: https://www.mining.com/b2gold-spending-675-million-on-new-gold-mine-build-in-nunavut/
This newsletter is for information purposes only.
Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser. Charltons is not responsible for any third party content which can be accessed through the website.
If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com