B2Gold’s $740 million Gramalote faces key permit test

AI desk brief

Colombia’s environmental regulator will hold a Nov. 10 public hearing on permit changes for B2Gold’s proposed $740 million Gramalote gold project. B2Gold expects approval in January 2027 and construction to begin the following month, subject to clearance, with production planned for late 2029. Its feasibility study forecasts average annual output of 227,000 oz in the first five years and 177,000 oz over an 11-year mine life. Approval would advance potential future gold supply, but permitting and development risks remain; the update primarily affects B2Gold’s project outlook and establishes no near-term bullion-price direction.