Canadian gold producer B2Gold has announced a $740 million investment to develop the Gramalote gold mine in central Colombia, following the completion of a positive feasibility study.
The company confirmed that the study validates the technical, economic, and environmental feasibility of the project, which is situated in the municipality of San Roque in Colombia’s Antioquia department.
According to B2Gold, the Gramalote mine is projected to have an operational life of 11 years, with the processing plant expected to operate for 13 years. Gold production is forecast to average 227,000 ounces annually during the first five years of operation, and approximately 177,000 ounces per year over the entire life of the mine.
This development adds to B2Gold’s growing global footprint. The company currently operates four gold mines located in Mali, the Philippines, Canada, and Namibia, while also actively pursuing exploration and expansion opportunities in Colombia and Finland.