B2Gold Corp.

09:45 AM EST - B2Gold Corp. : Announced positive results from the Updated Preliminary Economic Assessment for the Gramalote Ridge deposit (at the Gramalote gold project in Colombia, a joint venture between B2Gold and AngloGold Ashanti Ltd. B2Gold assumed the role of manager of the Gramalote joint venture on January 1, 2020. All dollar figures are in United States dollars unless otherwise stated. Assuming an effective date of January 1, 2020, and a gold price of $1,350 per ounce, Gramalote Ridge project economic highlights from the PEA (100% basis) include: Open-pit gold mine with an initial life of mine of 13.6 years based on current Indicated and Inferred Mineral Resources (for Gramalote Ridge only). LoM gold production of 3.85 million ounces. Average annual gold production of 416,600 ounces per year for the first five full years of production. B2Gold Corp.
shares T.BTO are trading down $0.06 at $5.40.