VANCOUVER, BC, July 28, 2020 /PRNewswire/ – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Firm”) is happy to announce the launch of its Namibian Rhino Gold Bar marketing campaign in North America to assist help the conservation and safety of the critically endangered black rhinos, and the community-based rhino rangers and trackers who shield the rhinos, in Namibia, Southern Africa. This announcement coincides with the Worldwide Ranger Federation’s (“IRF”) World Ranger Day, which takes place yearly on July 31.
World Ranger Day was established on the 15th anniversary of the founding of the IRF and has been noticed globally since 2007. The day, which is promoted via the IRF’s Skinny Inexperienced Line Basis and sanctioned and supported by international members of the Worldwide Union for Conservation of Nature, acknowledges and celebrates rangers who’re on the forefront of conservation efforts around the globe by defending pure and cultural assets. It additionally commemorates rangers which are injured or killed within the line of responsibility.
Resulting from poaching, pushed by the unlawful rhino horn commerce, over 1,000 wild rhinos are killed for his or her horns in Africa annually. The northwest of Namibia is dwelling to the final and largest inhabitants of free-roaming black rhinos on this planet, however with fewer than 5,630 black rhinos left within the wild, the necessity for rhino conservation and safety has by no means been so crucial. On the present price, it’s predicted that black rhinos might be extinct inside a decade.
One of many key challenges for profitable conservation and safety of the black rhinos is that they dwell in a rural space that covers 25,000 sq. kilometres with no nationwide park standing, few roads and little management as to who can entry the world. The monitoring and security of this inhabitants of black rhinos is attributed to the dedication of organizations – reminiscent of Save the Rhino Belief Namibia (“SRT”), Built-in Rural Growth and Nature Conservation (“IRDNC”) and Rhino Rangers – and native communities that proceed to dedicate their lives to defending the rhinos. Along with the huge dimension and remoteness of the rhino vary space, rhino rangers and trackers are confronted with a number of different challenges within the discipline, together with tackling harmful terrain, coping with a harsh local weather and being regularly threatened by poachers.
Extra not too long ago, the most important problem to the success of black rhino conservation and safety is the influence of the COVID-19 pandemic. Organizations reminiscent of SRT and IRDNC, which give crucial field-based help to rhino rangers and trackers, have had their budgets slashed as worldwide donors have needed to cross alongside cuts to their very own budgets because of the pandemic. The pandemic has additionally generated vital job losses in city areas and created an inflow of individuals migrating again to their prolonged households in rural areas, placing elevated stress on pure assets and in the end leading to a rise in poaching. Moreover, a variety of areas throughout the rhino vary have been left uncovered by the dearth of vacationers due to the pandemic, which now require additional patrolling efforts by SRT, IRDNC and Rhino Rangers. In flip, this results in a necessity for elevated assets at a time when conservation funding is being minimize. Rhino monitoring has been central to tourism improvement within the area and has supplied native jobs and a supply of revenue for native communities. Nonetheless, the knock-on impact of the pandemic when it comes to job safety and the safety of the black rhinos is probably devastating for a area that has labored so arduous to develop a rhino-based economic system.
By its groundbreaking donation of 1,000 ounces of gold (valued at roughly US$1.9 million (as at July 28, 2020)) from its Otjikoto Mine in northcentral Namibia, B2Gold has produced 1,000 restricted version Namibian Rhino Gold Bars in numerous sizes. To have a good time the launch of the marketing campaign in North America, 400 one-ounce gold bars will go on sale on Kitco Metals’ (“Kitco”) retail web site on July 31. Kitco, one of many world’s premier retailers of treasured metals, has generously agreed to course of these transactions (on behalf of B2Gold) at price to additional profit black rhino conservation and safety efforts in Namibia and native communities whose livelihoods depend upon the survival of the species. Every one-ounce bar is accessible for buy on the spot value of gold plus a 15% conservation premium.
The 15% premium is a approach to prolong the optimistic influence of every gold bar bought in help of rangers, trackers, and black rhino conservation and safety. Will probably be used to fund the long run manufacturing of extra gold bars, or gold medallions, the second restricted version of which will be distinctly totally different from the primary mintage, making certain that this initiative stays self-sustaining. “Poaching and the unlawful trafficking of animals and their elements is a scourge that takes place around the globe and should be stopped,” stated B2Gold’s President & CEO, Clive Johnson. “In Namibia, the place we work intently with our staff, native suppliers, enterprise companions, the federal government and non-governmental organizations in so some ways, our collaborative imaginative and prescient for the Rhino Gold Bar was to place a brand new and modern funding mechanism for conservation in place that we may all be happy with,” Johnson stated. “Each gold bar bought helps to fight poaching – by supporting rhino rangers and trackers, which in flip, helps their households and empowers communities to assist save a species on the verge of extinction. That is an instance of utilizing one treasured useful resource, gold mined in Namibia, to guard one other – the world’s critically endangered black rhino inhabitants – now and for generations to come back.”
The gold bars function symbols of hope for the way forward for the black rhinos. With a putting picture of a rhino mom and calf on the again, and an iconic picture of Namibia, the Namib Desert, on the entrance, the gold bars are introduced in a field made from sustainably harvested materials. Purchasers of the gold bars will obtain ongoing info and updates from the Rhino Gold Bar Advisory Committee (“the Committee”) as to how their funding helps to redefine conservation financing and the way funds are getting used to avoid wasting the black rhinos from extinction.
Proceeds from the sale of the primary 600 gold bars to Namibian and African purchasers have been managed and distributed by the Committee, which consists of representatives from B2Gold, SRT, IRDNC, the Namibia Chamber of Surroundings, and the Namibia Ministry of Surroundings, Forestry and Tourism. Funds have been allotted to assist counteract the influence of the pandemic by offering salaries to maintain rhino rangers and trackers within the discipline for the following 12 months; sustaining enough patrol ranges to decrease the specter of poaching and maintain inhabitants progress; elevating consciousness concerning the significance of black rhino conservation to strengthen group help; and upgrading communication methods to make sure the speedy response of rhino rangers and trackers throughout a disaster scenario.
Proceeds from the sale of the 400 gold bars in North America will proceed to be managed and distributed by the Committee. Important funding will proceed to offer long-term sustainable financing for black rhino conservation and safety, making certain that community-driven efforts by the agricultural communities, for whom the safety of rhinos is their birthright, continues, in addition to securing the long run for a rhino-based economic system.
Recognizing the significance of this groundbreaking artistic conservation and philanthropic initiative, Simson Uri-Khob, SRT’s CEO, stated: “The timing of the Rhino Gold Bar marketing campaign in North America couldn’t be higher as COVID-19 has impacted conservation funding and plunged the world’s remaining wild rhinos into critical danger. As we mark World Ranger Day, we aspire for the therapeutic of our individuals and our planet. B2Gold’s help for sustainable, community-backed rhino conservation and safety permits us to not solely dream of a greater world, however to plan for it.”
B2Gold’s Imaginative and prescient and Values
B2Gold is a accountable mining firm that demonstrates management by going past business requirements and persevering with to boost the bar by itself efficiency. The Firm’s rules of equity, respect, transparency and accountability are a part of its company tradition and are utilized globally throughout its company social duty tasks. Not solely is B2Gold dedicated to minimizing its influence on the land in international locations wherein the Firm operates, it additionally invests in tasks that don’t have anything to do with mining and all the pieces to do with the safety of the planet and the standard of life for future generations.
About B2Gold Corp.
B2Gold is a low-cost worldwide senior gold producer headquartered in Vancouver, Canada. Based in 2007, right this moment, B2Gold has working gold mines in Mali, Namibia and the Philippines, and quite a few exploration and improvement tasks in numerous international locations. In 2020, B2Gold forecasts consolidated gold manufacturing of between 1,000,000 and 1,055,000 ounces.
ON BEHALF OF B2GOLD CORP.
“Clive T. Johnson“
President & Chief Government Officer
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SOURCE B2Gold Corp.