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Masbate Gold Mine

Produces

Gold

Location

Masbate Island, 350km southeast of Manila, Philippines

Ownership

B2Gold

Geology Type

Mineralised volcanic block

Mineral Type

Quartz veins within a fractured andesitic-dacitic, tuffaceous agglomerate

Reserve Base

103.92Mt of gold (proven and probable)

Start of Production

May 2009

Annual Production

Average of about 200,000oz

Life of the Mine

9.5 years

Mining Method

Open pit

Processing Method

Conventional CIL

Employment

About 190

Open Pit

Komatsu PC1250 hydraulic excavators and Cat 773D dump trucks

Processing Plant

Lycopodium 4Mt/annum CIL gold plant

Contractor

Leighton Contractors
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