B2Gold says PEA on Colombian project underway

B2Gold is advancing work in Colombia. Photo by B2Gold

Progress on project Canadian miner B2Gold Corp. has announced that a Preliminary Economic Assessment (PEA) is underway on the Gramalote project in Colombia, and its completion is expected by the end of the second quarter of 2024.


In 2023, B2Gold entered into a purchase agreement with AngloGold Ashanti Limited … to acquire AngloGold's 50% interest in the Gramalote Project located in the Department of Antioquia, Colombia. B2Gold now owns 100% of the Gramalote Project,” the business said in a statement. 


In 2023, the Company completed a detailed review of the Gramalote Project, including the facility size and location, power supply, mining and processing options, tailings design, resettlement, potential construction sequencing, and camp design to identify potential cost savings to develop a smaller scale project. A formal study commenced in the fourth quarter of 2023, with the goal of completing a PEA by the end of the second quarter of 2024,” according to the statement.


Set up in 2007, B2Gold says it is a low-cost international senior gold producer based in Vancouver, Canada.