New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:07 EDTBTGB2Gold announces Otjikoto mine construction remains on budget
Construction of the Otjikoto open pit gold mine remains on schedule to commence gold production in late 2014. All major excavations on the project are complete and the only substantial earthworks project remaining is the relocation of a gravel district road. More than 16,000 cubic metres of concrete have been poured and less than 10% of the total volume remains outstanding. Steel erection continues on site and millwrights are currently installing the crusher and milling circuits. All material earthworks in the tailings pond have been completed and water has been captured from the rainy season to start the mill. Total employees and contractors on site now totals approximately 1,000.
News For BTG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 9, 2014
08:25 EDTBTGB2Gold reports Masbate Mine operating normally following Typhoon Hagupit
B2Gold announces that operations are running normally at the Masbate Mine, Philippines, following Typhoon Hagupit. Hagupit first made landfall Saturday at the island of Samar, just southeast of Masbate Island, reaching Masbate early Sunday. The eye of the storm tracked close to the site of Masbate Gold Mine. By late Sunday the typhoon had diminished in strength and passed over the island. B2Gold's Incident Management Team inspected all areas of the Masbate Mine site once winds died down and confirm no major damage was sustained to any site facilities and infrastructure. The all clear signal was given to staff at 2230 hours Sunday. Mining operations were curtailed during the storm event and have resumed. Ore processing continued however at the peak of the typhoon there was a 15.5 hour shutdown to plant production as operations were halted as a precautionary measure. The process plant is now operating at full capacity and the 2014 Masbate production forecast of 180,000 ounces of gold remains unaffected. The Masbate operations benefit by their location, sheltered by the island of Samar to the southeast and the site itself is located on an inlet which has mountains immediately to the southeast. The surrounding local community appears to have weathered the typhoon reasonably well although rainfall has been severe. The Masbate Mine stands by to provide local assistance if required. An assessment of the surrounding area is ongoing.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use