Goose

Operator
B2 Gold

Location
Canada

Stream
au

Primary Metal
au

Project Overview

The Goose Mine is located in Nunavut, Canada, and consists of four main deposits namely Goose, Main, Echo, Umwelt and Llama. The property hosts structurally controlled gold mineralization that is largely stratabound, within broad zones of sulphidized iron formation that is associated with quartz veins, silicification, and shearing.

Open pit mining will be from the Echo, Umwelt, Llama and Goose deposits with process tailings deposited in exhausted pits. Underground development is underway and will commence with ore production from the Umwelt pillar. B2Gold has made the decision to accelerate underground mining development to increase annual gold production over the first 5 years of the mine plan, which entails mining of the complete Umwelt crown pillar.

The process plant is designed to produce gold doré using conventional crushing, grinding, gravity concentration, pre-oxidation, gold leaching by cyanidation, gold adsorption by carbon-in-pulp (CIP), and gold recovery from loaded carbon and gravity concentrate. The nameplate expansion of the process plant from 3,000 tpd to 4,000 tpd is planned for Year 2 of operations. B2Gold has initiated studies to further enhance performance with a possible upgrade to 6,000 tpd capacity by pairing the existing 4,000 tpd ball mill with an additional SAG mill. The plant is already permitted for up to 6,000 tpd, so no extra permits are needed. Outcomes from these studies are expected late 2025 or early 2026.

Stream Details

Date of Contract 8-Feb-22
Term Life of Mine
Stream 2.78% of the Au production dropping to 1.44% after delivery of 87.1 koz of Au and dropping to 1% after delivery of 134 koz of Au
Upfront Consideration $84M
Cost Quartile Second

For more information on the Goose Project, please visit: www.b2gold.com (opens in new tab)