B2Gold Sets Ambitious 2025 Gold Production Targets in Africa

Strategic Insights -

B2Gold has set a bold agenda for its African operations, aiming to produce 970,000 to 1,075,000 ounces of gold in 2025, driven by its projects in Mali and Namibia. The company's Otjikoto Mine in Namibia is expected to produce 185,000 to 205,000 ounces, while the Fekola Complex in Mali will deliver 515,000 to 550,000 ounces. B2Gold is also investing heavily in the Antelope underground deposit at Otjikoto Mine, which will extend the mine's life and increase output. The company's plans are set to be showcased at the African Mining Week conference in Cape Town from October 1-3, 2025.

Key Takeaways:

  • B2Gold has set its 2025 gold production guidance at 970,000 to 1,075,000 ounces, with the bulk of output driven by its African operations in Mali and Namibia.
  • The company's Otjikoto Mine in Namibia is expected to produce 185,000 to 205,000 ounces in 2025, with the Antelope underground deposit project set to extend mine life and increase output.
  • B2Gold plans to invest at least $105 million in 2026-2027 to target an additional 110,000 ounces annually from the Namibian project.
  • The Fekola Complex in Mali is expected to deliver 515,000 to 550,000 ounces in 2025, with plans to secure an exploration permit for the Fekola Regional deposits by Q3, 2025.
  • B2Gold has advanced the Fekola Mine with an underground facility, licensed by the Malian government in July 2025, with mining operations underway.
  • John Roos, Country Manager of B2Gold Namibia, will participate in the Africa's Gold Economy panel at the African Mining Week conference, providing an update on the company's production plans.

Statistics:

  • 970,000 to 1,075,000 ounces of gold production guidance in 2025 (B2Gold)
  • 185,000 to 205,000 ounces of gold production from Otjikoto Mine in Namibia in 2025 (B2Gold)
  • $105 million investment in 2026-2027 to target an additional 110,000 ounces annually from the Namibian project (B2Gold)
  • 515,000 to 550,000 ounces of gold production from the Fekola Complex in Mali in 2025 (B2Gold)
  • 180,000 ounces per year over the initial five years from the Fekola Regional deposits project (B2Gold)

Sources:

  • B2Gold
  • African Mining Week
  • Energy Capital & Power