Projects

La Libertad Mine – Nicaragua (1)

La Libertad Mine is located in La Libertad-Santo Domingo Region in Central Nicaragua, approximately 110 km due east of the country's capital city, Managua. Click here for mine/project location map. 

B2Gold acquired its first gold development project, La Libertad Gold Project, through a merger with Central Sun Mining Inc. in March 2009. Previously a heap-leach mine, operations at La Libertad Mine were suspended in 2007 as a re-evaluation of the project indicated that gold recoveries could be greatly improved using a conventional milling operation. Following construction of a SAG and ball mill grinding circuit, as well as carbon-in-pulp recovery tanks and a tailings impoundment, La Libertad Mine was reopened by B2Gold and achieved commercial production on February 1, 2010, on schedule. Click here for La Libertad Mine overview

Recent Updates:

Third Quarter ("Q3") 2018 Performance Snapshot:

  • Gold production(2) was 21,995 oz, 39% below budget
  • Cash operating costs(3) were $871 /oz, 22% above budget
  • All-in sustaining costs ("AISC")(3) were $1,036 /oz, 17% above budget

Year-to-date ("YTD") 2018 Performance Snapshot:

  • Gold production(2) was 62,770 oz, 24% below budget
  • Cash operating costs were $919 /oz, 12% above budget
  • AISC were $1,183 /oz, 2% below budget

Click here for B2Gold's Q3 & YTD 2018 Earnings news release, dated November 6, 2018

Looking Forward:

  • La Libertad Mine is expected to produce between 90 Koz - 95 Koz of gold in 2018(2,4), at cash operating costs of between $855 - $905 /oz(5) and AISC of between $1,160 - $1,210 /oz(5)

Click here for La Libertad Exploration & Development section

Health, Safety & Environment:

  • Safety performance: As at September 30, 2018, achieved 157 days without a lost-time injury
  • Click here for B2Gold's 2017 Responsible Mining Report, Raising the Bar

Click here for La Libertad Mine overview

Mine/Project Location Map:

Mine Overview (as at September 30, 2018):

Q3 2018 Production, Cash Costs, Revenue & Sales: 
Q3 2018 gold production 21,995 oz
Q3 2018 cash operating costs $871 /oz
Q3 2018 AISC $1,036 /oz
Q3 2018  gold revenue $28,142
Q3 2018  gold sales 23,324 oz
Q3 2018  average realized gold price $1,207 /oz
YTD 2018 Production, Cash Costs, Revenue & Sales:
YTD 2018 gold production 62,770 oz
YTD 2018 cash operating costs $919 /oz
YTD 2018 AISC $1,183 /oz
YTD  2018  gold revenue $79,617
YTD 2018  gold sales 62,366 oz
YTD 2018  average realized gold price $1,277 /oz
Q3 2018 Processing:  
Q3 2018 tonnes of ore milled 0.56 M
Q3 2018 grade 1.29 g/t
Q3 2018 recovery 95.5%
YTD 2018 Processing:
YTD  2018 tonnes of ore milled 1.69 M
YTD  2018 grade 1.23 g/t
YTD 2018 recovery 94.5%
2018 Guidance:  
2018 E gold production 90 Koz - 95 Koz
2018 E cash operating costs $855 - $905 /oz
2018 E AISC $1,160 - $1,210 /oz
2018 E tonnes of ore milled (budget) 2.3 M (average)
2018 E grade (budget) 1.76 g/t (average)
2018 E recovery (budget) 94% (average)
2018 exploration budget $5 M
2019 Guidance:  
2019 E gold production(2) 125 Koz - 135 Koz
General Information: 
Location Nicaragua
Mine type Open pit/underground
Metals mined Gold
Ownership 100%
Processing plant Cyanide leach/Carbon-in-pulp process
Power Purchased from the grid with diesel powered back-up
Number of employees for La Libertad/El Limon (not including contractors)  1,066
Local employee workforce 98%
Mineral Reserve & Resource Estimates (Contained Gold):  
Probable Mineral Reserves (100% attributable)(6) 0.08 Moz
Indicated Mineral Resources (100% attributable)(6) 0.21 Moz
Inferred Mineral Resources (100% attributable)(6) 0.45 Moz

Supporting Documents:

For the latest details and news releases pertaining to La Libertad Mine:

  • Click here for 'B2Gold Corp. Reports Positive Third Quarter 2018 Results; Quarterly Operating Cash Flows Increase by $101 M (240%) to $143 M on Record Gold Production and Significantly Reduced All-In Sustaining Costs' news release, dated November 6, 2018

For a more detailed overview of La Libertad Mine, please refer to the following, most recent company documents:

  • Click here for Q3 & YTD 2018 Management’s Discussion & Analysis ("MD&A")(7)
  • Click here for Q3 & YTD 2018 Financial Statements(7)
  • Click here for Annual Information Form ("AIF") 2018, dated March 23, 2018(7)
Footnotes (Click to expand)
  1. The disclosure contains forward-looking statements. Refer to the Legal section of the website (click here) for caution regarding forward-looking statements and the basis for presentation of mineral reserves, mineral resources and other technical disclosures.
  2. B2Gold’s Q3 2018 and YTD 2018 production results, and 2018 and 2019 annual production guidance are presented on a 100% basis
  3. Refer to “Non-IFRS measures” in the Company’s most recently filed MD&A. Click here for MD&A.
  4. Guidance revised: Click here for 'B2Gold Reports Record Third Quarter 2018 Gold Production; Quarterly Gold Production Increase of 78% to 242,000 oz as Gold Revenues Increase by 110% ($170 M) to $324 M Over the Same Period in 2017' news release, dated October 11, 2018
  5. Guidance revised: Click here for 'B2Gold Corp. Reports Positive Third Quarter 2018 Results; Quarterly Operating Cash Flows Increase by $101 M (240%) to $143 M on Record Gold Production and Significantly Reduced All-In Sustaining Costs' news release, dated November 6, 2018
  6. Refer to respective footnotes in Summary of Mineral Reserve and Mineral Resource Estimates  - click here for information regarding the categories, grade and tonnage of these Mineral Reserves and Mineral Resources, and other related information.
  7. Also available on SEDAR and at www.sedar.com and on the U.S. Securities and Exchange Commission’s website at www.sec.gov.

Certain portions of the following information are derived from on our most recent AIF, dated March 28, 2018 (click here), and are based on the assumptions, qualifications and procedures set out therein.

Mineral Resource & Mineral Reserve Estimates:

Click here for Summary of Mineral Resource and Mineral Reserve Estimates

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