Vancouver-based B2Gold Corp. has officially started gold production at its Goose Mine in the Back River Gold District, Nunavut — its fourth operating mine globally and first mine in Canada.
The company poured the first gold in late June 2025, introducing ore to the mill on June 24. The mill is currently operating at roughly 50% of its designed capacity, with plans to scale up to full throughput in Q3 2025.
For 2025, B2Gold projects production at Goose to be between 120,000 and 150,000 ounces of gold. From 2026 through 2031, annual output is expected to average about 300,000 ounces based solely on established mineral reserves.
The project has been developed in partnership with the Kitikmeot Inuit Association (KIA), with commitments to socio-economic benefits for local communities and respecting Inuit priorities.
Exploration activity remains strong: in 2025, B2Gold has allocated US$61 million for its corporate exploration budget, with US$32 million earmarked specifically for the Back River District. This supports plans to upgrade existing inferred resources to higher confidence categories and to unlock further value across the district.
For investors, the Goose Mine represents both a new domestic asset in Canada and a high-growth opportunity given its ramp-up potential. With steady production expected over the next several years, strong community partnerships, and exploration upside, the mine could deliver robust returns as part of B2Gold’s broader portfolio.
