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
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)
Mineral Resource & Mineral Reserve Estimates:
Click here for Summary of Mineral Resource and Mineral Reserve Estimates
