Projects

La Libertad Mine – Nicaragua (1)

Please note that this page is currently being updated. Please click here for B2Gold's most recent news release re: First Quarter 2019 Earnings, click here for B2Gold's Management Discussion & Analysis for the quarter ended March 31, 2019, and click here for B2Gold's Consolidated Financial Statements, for the three months ended March 31, 2019.

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:

Fourth Quarter ("Q4") 2018 Performance Snapshot:

  • Gold production(2) was 18,193 oz
  • Cash operating costs(3) were $986 /oz
  • All-in sustaining costs ("AISC")(3) were $1,225 /oz

Full-Year ("FY") 2018 Performance Snapshot:

  • Gold production(2) was 80,963 oz
  • Cash operating costs were $934 /oz
  • AISC were $1,192 /oz

2019 Guidance:

  • Gold production(2) is expected to be between 95 Koz - 100 Koz
  • Cash operating costs are expected to be between $840 - $880 /oz 
  • AISC are expected to be between $1,150 - $1,190 /oz

Click here for Q4 & FY 2018 Earnings news release, dated March 12, 2019

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 December 31, 2018):

Q4 2018 Production, Cash Costs, Revenue & Sales: 
Q4 2018 gold production 18,193 oz
Q4 2018 cash operating costs $986 /oz
Q4 2018 AISC $1,225 /oz
Q4 2018  gold revenue $25,534
Q4 2018  gold sales 20,652 oz
Q4 2018  average realized gold price $1,236 /oz
FY 2018 Production, Cash Costs, Revenue & Sales:
FY 2018 gold production 80,963 oz
FY 2018 cash operating costs $934 /oz
FY 2018 AISC $1,192 /oz
FY 2018 gold revenue $105,151
FY 2018 gold sales 83,018 oz
FY 2018 average realized gold price $1,267 /oz
Q4 2018 Processing:  
Q4 2018 tonnes of ore milled 0.57 M
Q4 2018 grade 1.06 g/t
Q4 2018 recovery 94.3%
FY 2018 Processing:
FY 2018 tonnes of ore milled 2.25 M
FY 2018 grade 1.19 g/t
FY 2018 recovery 94.4%
2019 Guidance:  
2019 E gold production 95 Koz - 100 Koz
2019 E cash operating costs $840 - $880 /oz
2019 E AISC $1,150 - $1,190 /oz
2019 E tonnes of ore milled (budget) 2.3 M
2019 E grade (budget) 1.42 g/t (average)
2019 E recovery (budget) 94%
2019 exploration budget $3 M
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)(4) 1,066
Local employee workforce(4) 98%
Mineral Reserve & Resource Estimates (Contained Gold) – 100% Project Basis: 
Probable Mineral Reserves(5) 0.07 Moz
Indicated Mineral Resources(5) 0.17 Moz
Inferred Mineral Resources(5) 0.45 Moz

Supporting Documents:

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

  • Click here for 'B2Gold Reports Positive 2018 Fourth Quarter/Annual Results; Record Annual Gold Production of 953,504 Oz, Revenue of $1.2 B & Operating Cash Flows of $451 M ($0.46/share); Cash Operating Costs of $495/oz & AISC of $758/oz' news release, dated March 12, 2019

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

  • Click here for Q4 & FY 2018 Management’s Discussion & Analysis ("MD&A")(6)
  • Click here for Q4 & FY 2018 Financial Statements(6)
  • Click here for Annual Information Form ("AIF") 2019, dated March 20, 2019(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 Q4 2018 and FY 2018 production results, 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. Refer to pages 43 and 76 in the Company's 'Responsible Mining Report 2017 – Raising the Bar' (click here), dated June 8, 2018.
  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 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 the Company's most recent AIF, dated March 20, 2019 (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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