B2Gold Corp. focuses on acquiring and developing interests in mineral properties. The company conducts gold mining operations and exploration and drilling campaigns to define and develop Mineral Resources and Mineral Reserves on its properties with an intention of developing, constructing, and operating mines on such properties. Material Properties Masbate Gold Project The Masbate Mine is located near the northern tip of the island of Masbate. Through 100% controlled subsidiaries, the company owns 40% of Filminera Resources Corporation (FRC) and 100% of Philippine Gold Processing & Refining Corporation (PGPRC), the owner of the mineral processing facility. The remaining 60% of FRC is owned by a Philippine registered company, Zoom Mineral Holdings Inc. (Zoom). PGPRC and FRC work together contractually and cooperatively to operate the Masbate Gold Project. FRC holds the mineral tenements that include the Masbate Gold Project. The mining claims and applications cover an area of approximately 15,209 hectares. Of that, FRC holds 1,366 acres which consist of a combination of patented mineral claims and four mining licences known as mineral production sharing agreements (MPSA) where the Mineral Resources and Mineral Reserves occur. The four other mining rights claims have various expiry dates, such as MPSA 095-97-V expires on November 19, 2022, MPSA 255-2007-V and MPSA 256-2007-V both expire on July 29, 2032 and MPSA 329-2010-V expires on March 22, 2035. The company also holds an interest, through Vicar Mining Corporation (Vicar), in the prospective Pajo property, immediately to the north of the Colorado Pit, an approved MPSA which covers an area of 786 hectares and expires October 19, 2030 (MPSA 219-2005-V). In 2015, exploration drilling consisted of 21,104 metres of diamond drill core and reverse circulation (RC) drilling. In 2015, the company drilled 93 diamond drill holes, 75 reverse circulation holes, 2 RC and diamond drill hybrid holes and collected 913 rock, soil and stream samples. La Libertad Mine La Libertad Mine is located approximately 110 km due east of Managua, the capital city of Nicaragua and 32 km northeast of Juigalpa. The property is situated near the town of La Libertad in La Libertad-Santo Domingo Region of the Department of Chontales in Central Nicaragua. The company, indirectly through its subsidiary, Desarrollo Minero de Nicaragua S.A. (Desminic), holds a 100% interest in one exploitation concession for La Libertad covering 10,950 hectares, granted on September 6, 1994 for the term of 40 years pursuant to Ministerial Decree No. 032-RN-MC/94. It holds an interest in two exploration concessions consisting of Buenaventura (100%) and Cerro Quiroz (80%) which cover a total of 4,600 hectares and are contiguous to the La Libertad exploitation concession. During 2015, the company completed a total of 11,692 metres of drilling in 91 holes. Otjikoto Mine The Otjikoto Mine is located approximately 300 kilometers north of Windhoek. The ML is situated within Exclusive Prospecting License (EPL) 2410. EPL 2410 covers an area of 47,919 hectares (inclusive of the ML). During 2015, a total of 20,605 metres of diamond drilling was carried out in and near the Otjikoto deposit and Wolfshag zone. During 2015, the company completed 14,181 metres of infill drilling on the southern portion of the Wolfshag zone to decrease the drill hole spacing in support of the Wolfshag Mineral Resource model update and commencement of an underground scoping study. Fekola Project The Fekola Project is located within the Kayes Region in south-western Mali, on the border of Mali and Senegal. In 2015, approximately 7,800 metres of infill diamond drilling (DD) were completed with the objective of increasing the percentage of Indicated Mineral Resource within the proposed Fekola open pit. The Other Properties Limon Mine The Limon Mine property is located in northwestern Nicaragua approximately 100 km northwest of Managua, the capital of Nicaragua. The Limon Mine property consists of the 12,000 hectare Mina El Limon mineral concession that has a term of 25 years expiring in April 2027. The company holds an indirect 95% interest in Triton Minera S.A. (Triton), which owns and operates the Limon Mine, and holds three other mineral concessions Bonete-Limon, San Antonio and Villanueva 2 which cover a total of 7,200 hectares, all at an exploration stage. istory B2Gold Corp. was incorporated under the Business Corporations Act (British Columbia) in 2006.
b2gold corp (BTO:Toronto)
Three Bentall Centre
595 Burrard Street
Vancouver, BC V7X 1J1
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