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/
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