B2Gold eyes 2025 Q3 decision on $129m Namibian prospect

Canada-based mining firm B2Gold is expected to make a final investment decision by the third quarter of 2025 on its proposed $129 million Antelope Gold Project in Namibia as the company intensifies exploration and development efforts at its flagship Otjikoto Mine.

The Antelope deposit, located approximately four kilometres southwest of Otjikoto’s open pit, could produce 65,000 ounces of gold annually over a five-year lifespan.

If approved, the project would boost Otjikoto’s total output to 110,000 ounces per year between 2029 and 2032, combining underground production with existing stockpiles.

B2Gold has earmarked $10 million in 2025 to de-risk the Antelope prospect and an additional $7 million for exploration at Otjikoto.

The company is also advancing development at the Wolfshag underground deposit to sustain production after open-pit operations conclude later this year.

B2Gold Namibia country manager John Roos will represent the company at African Mining Week (AMW) 2025, joining a high-level panel at the Gold Summit to discuss investment opportunities across Africa’s gold-rich regions.

B2Gold’s Otjikoto Mine remains Namibia’s largest gold producer, generating $486 million in revenue in 2024 and contributing significantly to national GDP through taxes, royalties, and local employment.

Source: https://apanews.net/