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:

Q2 2018 Performance Snapshot:

  • Gold production(2) was 21,408 oz
  • Cash operating costs(3) were $875/oz, 1% below budget
  • All-in sustaining costs ("AISC")(3) were $1,200/oz2% below budget

FH 2018 Performance Snapshot:

  • Gold production(2) was 40,775 oz
  • Cash operating costs were $945/oz
  • AISC were $1,262/oz, 14% below budget

Click here for B2Gold's Q2 & FH 2018 Earnings news release, dated August 7, 2018

Looking Forward:

  • Based on B2Gold's original guidance, La Libertad Mine was projected to produce between 115 Koz - 120 Koz of gold in 2018, at cash operating costs of between $745 - $790/oz and AISC of between $1,050 - $1,100/oz. However, La Libertad is now projected to produce between 90 Koz - 95 Koz(2,4)
  • Production from the Jabali Antenna underground project is now anticipated to commence at the end of Q3 2018
  • B2Gold is currently updating its life of mine plan for La Libertad based on revised estimates for the timing of expected production from its existing ore sources and the expected timing for bringing Jabali Antenna open pit and underground online

Click here for La Libertad Exploration & Development section

Health, Safety & Environment:

  • Safety performance: As at December 31, 2017, a 50% reduction in Lost-Time-Injury frequency rate – 2016 (1.7) v 2017 (0.8)
  • 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 June 30, 2018):

Q2 2018 Production, Cash Costs, Revenue & Sales: 
Q2 2018 gold production 21,408 oz
Q2 2018 cash operating costs $875 /oz
Q2 2018 AISC $1,200 /oz
Q2 2018  gold revenue $26,638
Q2 2018  gold sales 20,484 oz
Q2 2018  average realized gold price $1,300 /oz
FH 2018 Production, Cash Costs, Revenue & Sales:
FH 2018 gold production 40,775 oz
FH 2018 cash operating costs $945 /oz
FH 2018 AISC $1,262 /oz
FH 2018  gold revenue $51,475
FH 2018  gold sales 39,042 oz
FH 2018  average realized gold price $1,318 /oz
Q2 2018 Processing:  
Q2 2018 tonnes of ore milled 0.56 M
Q2 2018 grade 1.25 g/t
Q2 2018 recovery 95.1%
FH 2018 Processing:
FH 2018 tonnes of ore milled 1.13 M
FH 2018 grade 1.21 g/t
FH 2018 recovery 93.9%
2018 Guidance:  
2018 E gold production 90 Koz-95 Koz
2018 E cash operating costs $745-$790 /oz
2018 E AISC $1,050-$1,100 /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)(5) 0.08 Moz
Indicated Mineral Resources (100% attributable)(5) 0.21 Moz
Inferred Mineral Resources (100% attributable)(5) 0.45 Moz

Supporting Documents:

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

  • Click here for 'B2Gold Reports Positive Second Quarter & First-Half 2018 Results; Strong Growth in Gold Production/Revenues and Operating Cash Flows; Significant Beat Against Budget for Cash Operating Costs and AISC' news release, dated August 7, 2018
  • Click here for 'B2Gold Announces an Increased Exploration Budget at the Fekola North Extension Zone, Mali; and Updates on El Limon and La Libertad Mines, Nicaragua' news release, dated June 28, 2018

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

  • Click here for Q2 2018 Management’s Discussion & Analysis ("MD&A")(6)
  • Click here for Q2 2018 Financial Statements(6)
  • Click here for Annual Information Form ("AIF") 2018, dated March 23, 2018(6)
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 Q2 2018 and FH 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. Please refer to '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 - click here.
  5. 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.
  6. 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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