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B2Gold Cuts Q2 Goose Mine Output to 18K-20K oz After Fire Damage

B2Gold has slashed its Q2 production forecast for the Goose mine to 18,000–20,000 oz from 29,000 oz due to fire damage at the crushing circuit on April 16, with repairs costing ~C$10 million set for Q3 completion. Initially reported on April 17 as extinguished with no injuries and operations continuing, the update reveals temporary throughput reductions partially offset by mobile crushers. Full-year guidance holds at 170,000–230,000 oz, prior quarter hit 42,876 oz, and B2Gold shares fell ~1.6%. The limited supply hit is unlikely to materially pressure Gold prices immediately.

Category

Gold

Sentiment

Neutral

Event

Other

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