B2Gold Explores Back River Gold Potential
Mining News | 2024-01-18 11:56:09
With the acquisition of Sabina, B2Gold has gained a derisked mine project on track to pour its first gold early in 2025, as well as a district-scale land package with enormous potential to support decades of production in Nunavut.
By Paul Ploumis
SEATTLE (Scrap Monster): Upon gaining ownership of the Back River gold project in Nunavut through the roughly C$1.1 billion (US$820 million) buyout of Sabina Gold & Silver Corp., B2Gold Corp. established itself as the next largest gold producer in Canada's North.
With the acquisition of Sabina, B2Gold has gained a derisked mine project on track to pour its first gold early in 2025, as well as a district-scale land package with enormous potential to support decades of production in Nunavut.
"We are excited to add such a high-quality, high grade gold project in a top mining jurisdiction to our global portfolio, and we are thrilled to welcome the exceptional Sabina team into B2Gold," B2Gold President and CEO Clive Johnson said upon the closing the deal to buy Sabina.
The British Columbia-headquartered gold miner further demonstrated its intention on gaining a stronger foothold and having a longer presence in the Canadian territories with a C$19 million investment in Snowline Gold Corp., which is exploring an early stage but very exciting gold project in the Yukon.
Courtesy: www.miningnewsnorth.com
