B2Gold’s 90%-owned Otjikoto Mine in Namibia is projected to produce between 190,000 and 210,000 ounces of gold in 2023 at cash operating costs of between $590 and $650 per ounce and all-in sustaining costs of between $1,080 and $1,140 per ounce.
As a result of the timing of higher-grade ore mining, Otjikoto’s annual gold production is expected to be 60% weighted to the second half of 2023, when mining is scheduled to reach the higher-grade portions of Phase 4 of the Otjikoto pit coupled with higher production from the Wolfshag underground mine.
The mine produced 44,056 ounces of gold in the second quarter of 2023.
B2Gold said production from the Wolfshag underground mine remained consistent during the second quarter, averaging over 1,000 tonnes per day at an average grade of 4.31 g/t.
The probable mineral reserve estimate for the Wolfshag deposit includes 203,000 ounces of gold in 1.1 million tonnes of ore at an average grade of 5.55 g/t gold as of the beginning of 2023.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
