* Talks to be completed in next quarter or so
* Sees 2010 production at up to 130,000 oz gold
TORONTO, March 8 B2Gold Corp (BTO.TO), a
Canadian gold miner, will complete talks with joint venture
partner AngloGold Ashanti (ANGJ.J) in the next quarter on
further exploration of the Gramalote project in Colombia.
B2Gold is in discussions to see exactly what Anglo want to
do with the project, the company said on Monday at the PDAC
Prospectors and Developers Association mining convention in
Toronto. It expects to complete the discussion within the next
Vancouver-based B2Gold said talks are regarding
exploration plans and the shape of the joint venture agreement
with Anglo, the world's No.3 gold producer.
The so-called PDAC convention is the largest mining
convention of its kind, drawing more than 20,000 participants
this year as global metals demand promises to hold steady and
the world emerges from economic crisis.
Toronto-based B2Gold is a small gold producer with
operating mines in Nicaragua and exploration properties in
Colombia and Russia.
The company aims to produce as much as 130,000 ounces of
gold in 2010, with most of that coming from the La Libertad
mine, its largest.
La Libertad would produce between 80,000- and 90,000 ounces
of gold this year at cash costs of some $500/ounce.
The company said in a presentation the mine may have great
undiscovered potential. "There has been some substantial
exploration that was never followed up," he said
The Limon mine, also in Nicaragua, would produce some
40,000 ounces in 2010 and that output there might be improved
under an ongoing program to improve ore grades.
(Reporting by Pav Jordan; Editing by Frank McGurty)
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