B2Gold Corp T.BTO

Alternate Symbol(s): BTG

Metals & Mining Gold

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. The Company also owns the Gramalote Project in Colombia. It also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is engaged in operating Goose Project, which is located in Nunavut, Canada.

TSX:BTO - Post by User

B2Gold Corp

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Comment by elmoreno68on Sep 27, 2016 10:19am

198 Views

Post# 25281280

RE:RE:RE:Why the big drop?

hopeful2000 wrote:
From the posted link:

"The Philippines has ordered the suspension of 20 more mines for environmental violations, as the world's top supplier of nickel ore vowed to pursue stricter standards than in global mining centers such as Canada and Australia."

"Most of the mines were nickel producers and the news sent global prices up more than 1 percent on Tuesday, helping the metal recover from earlier losses amid worries over disruption of supply to the important Chinese market."

"Among those ordered suspended were nickel miners Marcventures Mining and Development Corp and Carrascal Nickel Corp.

OceanaGold Corp, the top gold miner in the Philippines, was also facing a suspension.

Jasareno said the audit on OceanaGold's Didipio gold-copper mine showed "damage to houses allegedly caused by blasting and perceived dangers of underground mining". OceanaGold CEO Mick Wilkes said in an email to Reuters that there had been no environmental violations.

Shares of the Australia-listed miner fell 8.2 percent, prompting the firm to request a trading halt.

OceanaGold later said it had not received a suspension order and that mining was continuing and it would work with the environment agency to avoid any disruption."

No mention of BTO, at this point. Hopefully, they have kept their environmental noses clean. If they have, this might be a nice buying opportunity.