The government has made a budget allocation of N$400 million for the development of the 40-megawatt (MW) Otjikoto Biomass Power Station, on the outskirts of Tsumeb in Oshikoto Region. Minister of Finance and Public Enterprises Iipumbu Shiimi said this is in line with energy supply shortages in the region. “…there is a need to fast...
Tag: Otjikoto
Otjikoto Mines achieves record gold production milestone
Staff Reporter IN the fourth quarter (Q4) of 2023, B2Gold’s Otjikoto Mine set a new production record, yielding an impressive 81,111 ounces of gold. According to the Chamber of Mines, the Otjikoto Mine demonstrated outstanding performance in 2023, producing a total of 208,598 ounces of gold for the full year. This achievement aligns closely with...
B2Gold spent N$72 million on Otjikoto exploration in 2023 – Business Express
B2Gold has revealed that it spent in excess of N$72 million on exploration at its Otjikoto gold mine in Namibia in 2023 surpassing the N$64 million that was invested in the year 2022. Full year financial results for the 2023 financial year also show that the gold miner deployed CAPEX of approximately N$1.1 billion. The...
Otjikoto mine produces record 208,598 ounces of gold – Business Express
B2Gold’s Otjikoto Mine in Namibia, in which the Company holds a 90% interest, had a strong finish to 2023 and produced an annual record of 208,598 ounces of gold, at the upper end of the guidance range of 190,000 to 210,000 ounces, mainly due to improved processed grade as a result of higher-grade ore mined...
B2Gold plans 39000m Antelope drill campaign at Otjikoto – Business Express
Gold miner, B2Gold has said that a 39 000m drill program has been planned to define and expand the Antelope deposit with an initial mineral resource estimate at the deposit anticipated by the third quarter of 2024. The miner revealed this last week highlighting positive exploration drilling results from the Antelope deposit at the Otjikoto...
New deposits could take Otjikoto mine beyond 2030s
B2Gold has announced positive exploration drilling results from the Antelope deposit at the Oshikoto mine, highlighting the potential to expand underground gold production past the early 2030s. According to a statement issued by B2Gold president and chief executive Clive Johnson, the Antelope deposit, comprised of the Springbok Zone, the Oryx Zone and a possible third...
B2Gold budgets N$180m for exploration at Otjikoto
Canadian company B2Gold Corporation has budgeted a total of US$9 million (N$180 million) for exploration at its Otjikoto Mine in Namibia during 2024, making it the largest programme since the Wolfshag discovery in 2012. The mine has previously announced plans to wind down some operations, and new explorations could bring hope to affected stakeholders, including...
Jobs hang in the balance as B2 Gold Otjikoto Mine reaches lifespan – nbc
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Jobs hang in the balance as B2 Gold Otjikoto Mine reaches lifespan
B2 Gold Otjikoto mine will continue with its processing operations beyond the 2026 closure of the mine. After the closure, it will process all its stockpiles until they are exhausted by approximately 2031. Ten years after its commissioning in 2013, the mine has come to the end of its economic lifespan. Disclosing the phased closure...
Jobs hang in the balance as B2 Gold Otjikoto Mine reaches lifespan – nbc
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