B2Gold : 2024 Responsible Mining Report (2024 B2Gold Responsible Mining Report)
BTO.TO
Published on 05/27/2025 at 15:18
2024
REPORT
MAIN CONTACT FOR ENQUIRIES WITH REGARD TO OUR RESPONSIBLE MINING REPORT:
Ken Jones
Director, Sustainability
B2Gold Corp.
+1 604 681 8371
CORPORATE
WORKING GROUP:
VISION
TO BE A RESPONSIBLE MINING COMPANY THAT DEMONSTRATES LEADERSHIP BY GOING BEYOND INDUSTRY STANDARDS AND CONTINUING TO RAISE THE BAR ON OUR OWN PERFORMANCE.
VALUES FOR RESPONSIBLE MINING
Corporate Sponsor Bill Lytle
Editors Ken Jones, Christina Jaworski,
Marina Lobato and Gretha du Plessis
Governance Cori Compton and Randall Chatwin
Economic Ed Bartz
Labour Practices and Human Resources Kellyann Williams and Ninette Kröhnert
Occupational Health and Safety Darren Parry
Social and Community Bruno Cardoso
Environment Damien Tredwell
FAIRNESS
RESPECT
TRANSPARENCY
ACCOUNTABILITY
RESPONSIBLE MINING REPORT 2024 II
About this Report About Us
Sustainability Governance
Commitment to Standards and Initiatives Our Stakeholders
Materiality Assessment Mapping to the SDGs
Sustainability Performance Targets External Recognition
Corporate Governance Business Ethics
Risk Management Cybersecurity Human Rights
Responsible Supply Chain Practices
Sustainable Economic Growth Our Approach to Taxation Local Procurement
Our Approach to People Management Local and National Employment Equity, Diversity and Inclusion
Non-Discrimination and Harassment Enhancing Labour Relations Freedom of Association
Grievance Management
Training, Education and Development Retaining Talent
Occupational Health and Safety
Our Approach to Managing Social Aspects Stakeholder Engagement
Community Investment
Community Feedback Management Indigenous Relations and Cultural Heritage Community Safety and Security Practices Artisanal and Small-Scale Mining Resettlement
Our Approach to Managing Environmental and Biodiversity Aspects Water Stewardship and Management
Climate Change Impacts and Risk Management Biodiversity Management
Tailings and Waste Management Air Quality
Cyanide Management and Reagent Consumption Compliance and Environmental Incidents
Our Approach to Managing Mine Closure Land Reclamation
Estimate of Closure Liability
Economic Data Tables Our People Data Tables OHS Data Tables
Our Communities Data Tables Environment Data Tables
MESSAGE FROM
Growth and Development
Considerable advancements were made across our portfolio, most notably
Empowering Our Workforce
Our global workforce is the backbone of our success. We are committed to maintaining the highest safety standards and fostering an inclusive, diverse, and empowering work environment. I am pleased to report that B2Gold has maintained a zero-fatality workplace for the ninth consecutive year, a testament to our unwavering safety culture. We continue to be a safety leader within the industry, maintaining our Lost Time Injury Frequency Rate (LTIFR) of 0.05, reinforcing our commitment to the protection and wellbeing of our people.
We are committed to promoting and improving diversity within our organization and our equity, diversity and inclusion (EDI) initiatives continued to gain momentum in 2024. At year-end, our Board of Directors had 40% female representation, with three of four Board committees chaired by women. At the senior leadership level, 25% of positions were held by women, and our operational sites advanced locally relevant EDI initiatives. Additionally, our commitment to hiring locally remained strong, achieving a 97% local employment rate across our operations by prioritizing local talent and professional development. Our high level of local employment and commitment to upskilling our workforce have allowed us to meaningfully contribute to the economic empowerment of our local workforce and communities.
Community Investment and Collaboration
Strong relationships with our host communities are fundamental to our business. Through meaningful collaboration with communities, governments and non-profit and other organizations, we invest in initiatives that foster long-term social wellbeing and economic resilience. In 2024, B2Gold invested approximately $12.8 million in community programs, supporting areas such as local entrepreneurship, food security, water accessibility, and education.
At the Fekola Complex in Mali, our flagship Goungoubato Agricultural Project, through ongoing training and access to resources, continued to provide sustainable livelihoods and economic stability for over 300 displaced households. At the Masbate Gold Project, more than 600 local jobs were created through training and employment programs. At our Otjikoto Mine in Namibia, we have achieved several key milestones in supporting community self-sufficiency as the mine nears closure.
In Nunavut, we strengthened our collaboration with the Kitikmeot Inuit Association, advancing strategies to support the Kitikmeot Inuit workforce and designing tailored training programs aimed at improving Kitikmeot Inuit employee opportunities and retention. Our community investment approach was refined to align with Kitikmeot community needs and values, ensuring a meaningful and lasting impact. Our commitment extends beyond responsible resource development to fostering meaningful and long-term partnerships built on mutual respect, shared economic opportunities, and cultural understanding.
Environmental Stewardship
Operating across diverse ecosystems, we continue to identify, mitigate, and manage our environmental impact through region-specific initiatives. Climate risk management remains a priority as we advance decarbonization efforts to achieve a 30% reduction in Scope 1 and 2 emissions by 2030.
In early 2025, we celebrated the completion of the Fekola Phase 2 solar expansion, which will supply approximately 30% of the site's electricity demand and reduce annual emissions by an estimated 63,000 tonnes of carbon dioxide equivalent (CO2e). Additional renewable energy projects progressed at Masbate and Otjikoto, including two solar installations at Masbate, which will collectively reduce greenhouse gas (GHG) emissions by over 8,800 tonnes of CO2e per year, and a new 9.6-megawatt (MW) solar plant in Namibia.
Building on these successes, we are advancing design and planning for the Back River Energy Centre, a proposed renewable energy facility designed to provide over 55 MW of electricity and significantly reduce emissions at our Nunavut operations.
Realizing Our Full Potential
2025 will be a transformative year as we bring the Goose Project online and ramp up to commercial production. We will also see first ore contributions from the Anaconda Area at the Fekola Complex and the commencement of mining higher-grade ore at Fekola underground.
As we move forward, I am incredibly proud of what we have accomplished and grateful for the dedication of our global team. Together, we continue to create long-term value for our shareholders and stakeholders while upholding the high standards of operational excellence, environmental stewardship, and social responsibility that define B2Gold. With a strong foundation of past achievements, we look ahead to 2025 with a focus on growth, sustainability and innovation, and with confidence in our ability to make a meaningful impact and drive responsible mining into the future.
CLIVE JOHNSON
PRESIDENT & CHIEF EXECUTIVE OFFICER
RESPONSIBLE MINING REPORT 2024 1
Disclaimer
B2Gold Corp. published this content on May 27, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 27, 2025 at 19:17 UTC.