Projects

Gramalote Project – Colombia

B2Gold owns 100% of the Gramalote Project, following the acquisition of AngloGold Ashanti’s 50% interest in October 2023.

The Gramalote Project, a gold development project, is located approximately 230 km northwest of Bogota and 120 km northeast of Medellin, the regional capital of the Department of Antioquia in central Colombia.

B2Gold’s in-house projects team has commenced work on various smaller scale project development plans for the Gramalote Project, with the goal of identifying a higher-return project than the previously contemplated joint venture development plan. Based on the results of the 2022 Gramalote feasibility study, the contemplated larger scale project did not meet the combined investment return thresholds for development by both B2Gold and AngloGold.

In 2023, B2Gold completed a detailed review of the Gramalote Project, including the facility size and location, power supply, mining and processing options, tailings design, resettlement, potential construction sequencing, and camp design to identify potential cost savings to develop a smaller scale project. The results of the review allowed the Company to determine the optimal parameters and assumptions for a formal study, which commenced in the fourth quarter of 2023, with the goal of completing a PEA by the end of the second quarter of 2024.

Supporting Documents:

For the latest details and news releases pertaining to the Gramalote Project:

  • Click here for B2Gold’s Q4 and Full Year 2023 Earnings news release (dated February 21, 2024)
  • Click here for B2Gold’s news release: B2Gold to Consolidate Gramalote Project by Acquiring AngloGold Ashanti’s 50% Stake (dated September 18, 2023)

For a more detailed overview of the Gramalote Project, please refer to the following most recent company documents:

  • Click here for B2Gold’s Q4 and Full Year 2023 Management Discussion & Analysis (dated December 31, 2023)
  • Click here for B2Gold’s Q4 2023 Financial Statements (dated December 31, 2023)
  • Click here for B2Gold’s 2023 Annual Information Form (dated March 16, 2023)

Stay Connected

Stay connected with B2Gold by signing up for email updates