B2Gold Achieves Commercial Production at Goose Mine, a Strong Sign for the Future of the Company

B2Gold Corp. (BTG) has achieved commercial production at its Goose Mine in Nunavut, Canada, with a 30-day average mill throughput of 66% of design capacity. The company expects the mill to operate near 4,000 tpd design capacity throughout Q4 2025. As one of the cheap stocks to buy for the next 5 years, B2Gold Corp. offers potential for growth.

VANCOUVER, British Columbia, Oct. 06, 2025 (GLOBE NEWSWIRE) — B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) has announced that the Goose Mine, part of the Back River Gold District in Nunavut, Canada, has achieved commercial production. The milestone was reached on October 2, 2025, following a 30-day period of average mill throughput at 66% of design capacity.

The Goose Mine achieved an average mill throughput of 2,652 tonnes per day (tpd) over the 30-day period, representing 66% of the mill's design capacity of 4,000 tpd. The mill feed during this period was predominantly from the mined-out Echo open pit. The integration of a supplemental mobile crusher with the primary crushing plant significantly increased ore availability in the second half of September, with ore crushed at a rate of 183 tonnes per hour, extrapolated to 4,385 tpd over a 24-hour period. During the same period, the mill achieved an average throughput of 3,249 tpd, equating to 81.2% of design capacity.

B2Gold expects the Goose mill to operate near its design capacity of 4,000 tpd through the fourth quarter of 2025. Open pit and underground mining rates at the Umwelt deposit have met or exceeded expectations during the commercial production period. For the fourth quarter of 2025, mill feed is expected to come predominantly from the Umwelt deposit, with an average gold grade of 6.5 to 7.0 grams per tonne. Gold recoveries are expected to average higher than 90% through the fourth quarter of 2025 and beyond.

Clive Johnson, President and CEO of B2Gold, stated, “It is with great pleasure that we announce the Goose Mine has achieved commercial production. This achievement comes just over three months after the commencement of mill operations. I would like to thank our construction and operations teams, whose tireless efforts have made this entire project possible, and acknowledge our partner, the Kitikmeot Inuit Association, for their longstanding support. The Goose Mine will be a cornerstone of B2Gold’s production base and demonstrates the strength of our construction and operating teams worldwide. We view this milestone as just the beginning for the Back River Gold District and look forward to many years of safe and successful production in Nunavut, Canada.”

The company has reiterated its near-term and long-term gold production estimates for the Goose Mine, including 80,000 to 110,000 ounces in 2025, approximately 250,000 ounces in 2026, and 330,000 ounces in 2027. The average annual gold production for the initial full six years of operations (2026 to 2031 inclusive) is expected to be approximately 300,000 ounces per year, based only on existing Mineral Reserves.

B2Gold forecasts total consolidated gold production of between 970,000 and 1,075,000 ounces in 2025. The company is a responsible international senior gold producer headquartered in Vancouver, Canada, with operating mines in Canada, Mali, Namibia, and the Philippines, and numerous development and exploration projects in various countries.