B2Gold Corp. (NYSE:BTG) is one of the cheap stocks to buy for the next 5 years. On October 6, B2Gold announced that its Goose Mine, which is located in the Back River Gold District in Nunavut, Canada, officially achieved commercial production earlier on October 2.
The company’s internal criteria for this milestone required 30 consecutive days with an average mill throughput of at least 65% of the design capacity, which is 4,000 tpd. The mill successfully met this requirement and recorded an average throughput of 2,652 tpd from September 3 through October 2, which is exactly 66% of design capacity. Mill feed during this initial period primarily came from the mined-out Echo open pit.
Following the integration of a supplemental mobile crusher, crushing rates significantly increased in the latter half of September. From September 19 to October 2, the mill’s average throughput rose to 3,249 tpd, which is 81.2% of design capacity. B2Gold anticipates the mill will operate near the 4,000 tpd design capacity throughout Q4 2025. For Q4, mill feed will shift to the Umwelt deposit, with expected grades averaging between 6.5 and 7 grams per tonne gold.
B2Gold Corp. (NYSE:BTG) is a gold producer in Canada. The company operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia.
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Disclosure: None. This article is originally published at Insider Monkey.