VANCOUVER, Feb. 18, 2020 /CNW/ – B2Gold Corp. (TSX:BTO, NYSE:BTG, NSX: B2G)) (“B2Gold” or the “Firm”) is happy to announce a ground-breaking donation of 1,000 ounces of gold, with a worth of roughly US$1.5 million, to assist black rhino conservation and the communities that defend them in Namibia, Southern Africa.
At the moment, the northwest of Namibia is residence to the final and largest free-roaming inhabitants of black rhinos on this planet. Their house is an space of 25,000 sq. kilometers, with no nationwide park standing, few roads and no management over who is available in or out. The restoration of this inhabitants of black rhino is as a result of dedication of the organizations and communities which have dedicated themselves to the safety of black rhinos in northwestern Namibia. A rhino-based financial system has developed in Namibia’s northwest, with rhino monitoring central to tourism improvement that in flip supplies jobs, earnings and hope for the long run for Namibians.
The Rhino Gold Bar initiative was just lately launched at two separate occasions attended by high-level authorities officers and conservationists in Windhoek, Namibia and in Cape City, South Africa, on the Indaba mining convention. In making the announcement, Clive Johnson, President and CEO of B2Gold, outlined the Firm’s objective of redefining conservation financing stating, “The donation represents the primary time that gold, a pure useful resource from the bottom, is getting used to supply sustainable funding to community-backed initiatives for the safety of the enduring black rhino, a critically-endangered world treasure.”
The 1,000 ounces of gold was produced at B2Gold’s Otjikoto gold mine situated in Namibia. With this donation, 1,000 limited-edition Rhino Gold Bars in various sizes will probably be produced and accessible on the market to the general public. On the reverse of the Rhino Gold Bar, a black rhino mom and calf is represented, symbols of hope for the way forward for the species. The obverse reveals the Namib desert, an evocative and recognizable picture strongly related to Namibia.
The Rhino Gold Bars can be found for buy by a third-party on the spot worth of gold on the date of sale plus a 15% conservation premium, and will probably be accessible in 500 gram, 1 ounce and ½ ounce denominations. The proceeds from the sale of the Rhino Gold Bars will probably be managed by B2Gold and an Advisory Committee, which incorporates representatives from Save the Rhino Belief Namibia, Built-in Rural Growth and Nature Conservation, Namibia Chamber of Atmosphere, and the Namibia Ministry of Atmosphere and Tourism. The conservation premium will probably be used to fund the manufacturing of a follow-up vary of gold bars or cash, which will probably be distinctly totally different from the primary 1,000 Rhino Gold Bars, making certain that this ground-breaking initiative stays self-sustaining. A portion of the proceeds will probably be invested to supply long-term sustainable financing for black rhino conservation, whereas vital funding will probably be utilized instantly to conservation actions within the discipline, together with assist for patrols, intelligence actions, and to assist rural communities for whom the safety of rhinos is their birthright.
B2Gold is a accountable mining firm that demonstrates management by going past business requirements and persevering with to lift the bar by itself efficiency. The Firm’s ideas of equity, respect, transparency and accountability are a part of the Firm’s company tradition and are utilized globally throughout its Company Social Funding tasks. Not solely is the Firm dedicated to minimizing the influence on the land in areas the place it operates, it additionally invests in tasks that don’t have anything to do with mining and every little thing 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, at present, 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 Govt Officer
For extra data on B2Gold, please go to the Firm web site at www.b2gold.com or contact:
The Toronto Inventory Alternate and the NYSE American LLC neither approve nor disapprove the data contained on this information launch.
This information launch contains sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) inside the which means of relevant Canadian and United States securities laws, together with statements concerning the supply of the Rhino Gold Bars for buy and the administration of the proceeds from the sale of the Rhino Gold Bars. All statements on this information launch that deal with occasions or developments that we count on to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, though not all the time, recognized by phrases reminiscent of “count on”, “plan”, “anticipate”, “imagine” and comparable expressions or their damaging connotations, or that occasions or situations “will”, “would”, “could”, “might”, “ought to” or “would possibly” happen. All such forward-looking statements are primarily based on the opinions and estimates of administration as of the date such statements are made. Ahead-looking statements essentially contain assumptions, dangers and uncertainties, sure of that are past B2Gold’s management, together with these recognized and as described in additional element underneath the heading “Threat Elements” in B2Gold’s most up-to-date Annual Info Type, the Firm’s present Type 40-F Annual Report and B2Gold’s different filings with Canadian securities regulators and the U.S. Securities and Alternate Fee (the “SEC”), which can be seen at www.sedar.com and www.sec.gov, respectively. There may be no assurance that such statements will show to be correct, and precise outcomes, efficiency or achievements might differ materially from these expressed in, or implied by, these forward-looking statements. The Firm doesn’t assume any obligation to replace forward-looking statements if circumstances or administration’s beliefs, expectations or opinions ought to change apart from as required by relevant regulation.
SOURCE B2Gold Corp.
View unique content material: http://www.newswire.ca/en/releases/archive/February2020/18/c9864.html