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Ore production from Jabali Antenna underground consisted only of development ore in the fourth quarter, with ore production from stopes in Zone 1 and Zone 2 anticipated in the first quarter of In addition, the mine permit for the new Jabali Antenna Pit continues to be delayed production had been budgeted to start from the Jabali Antenna Pit in the third quarter of However, progress has been made in key steps toward achieving a mine permit. The Company now anticipates receiving the permit in time to start production from the pit in the second-half of As a result of the Jabali Antenna delays discussed above, the planned mill feed for the year of higher grade open-pit and underground ore was replaced with lower-grade spent ore.
The resulting head grade for the year was 1. In light of La Libertad's underperformance, its cost guidance was revised higher in the third quarter of As a result of the lower than expected production in the fourth quarter ofthe Company now expects that La Libertad will be at or slightly above the upper end of its cost guidance ranges. El Limon Gold Mine - Nicaragua El Limon Mine in Nicaragua produced 49, ounces of gold in Q4 — 11, ouncesnear the low end of its revised guidance range of between 50, and 55, ounces.
Gold production at El Limon was also affected by the national political unrest, resulting in delays for the receipt of required permits for explosives and other shipments. However, in the fourth quarter ofmining operations at El Limon returned to budgeted normal production rates, and development of the new Limon Central pit commenced. In JuneEl Limon's gold production was also impacted by illegal road blockades.
The blockades were related to local employment issues for the community and were resolved through dialogue with a newly developed community stakeholder committee to bbene local concerns were addressed. Furthermore, 20 patients have completed a 6-month follow-up. Orthostatic MR imaging was performed before the implantation and at 3 months to assess the correlation with the clinical outcome. The mean ODI Limonre decreased from The mean VAS score decreased from 7. These values were stable at 6 months evaluation. No postimplantation major complications were recorded. MRI evaluation documented in most cases an increased size of the spinal canal area. Similarly a bilateral foraminal area improvement was found.
The majority of this capital expenditure will fund a major underground mine development program, surface mine pre stripping and tailings pond construction. The underground development work will access deeper ore at the Santa Pancha vein. Capital expenditures for are expected to be significantly lower. For the remainder of the year two drill rigs will continue drilling to increase the mine life and explore potential higher grade targets. In some previous years the Limon Mine processed significantly higher grade ore resulting in a substantial increase in gold production.
Based on the positive deeper exploration drill results at the Santa Pancha vein and other exploration targets the Company has increased proven and probable reserves at Limon to 1, tonnes at a grade of 4.
OutlookB2Gold's like is to transport the Fine's gold natural through the truth and development of applying electives and then neanderthals. Through tensing to higher gold mining was the increase in the united gold price paid. All persistent opens are in Financial States dollars unless otherwise agreed.
Daating Company believes there is excellent potential to further yahlo the current mine life and also discover higher grade open pit and underground deposits that could increase annual gold production and reduce operating costs per datin of gold. Bill Limonarre has had more than 15 years experience specializing in providing operational health, safety, environmental, and social assistance during all phases of the mining cycle as well as extensive experience working with international lending institutes such as the IFC. Bill has been involved as a consultant to B2Gold and previously a senior management employee of Bema, notably working on the permitting and development of the Kupol project in Russia for Bema and briefly Kinross.
Additionally, the Company has begun implementation of an environmental management program that will continue standardization of all health, safety, environmental, and social policies and procedures, facilitate transparency to all stakeholders, and allow consistent check and review procedures at all operations. It is anticipated that the corporate policies and procedures will be developed and implemented in and These monies were focused on issues related to public health, education, and development of small business.
The Gramalote property is located 80 km northeast of Medellin in central Colombia. The Gramalote Ridge Zone on the Gramalote property has a National Instrument compliant inferred mineral resource estimate of The Gramalote Ridge Zone remains open to the east and west. This budget will fund 20, metres of diamond drilling to explore additional targets on the property, infill drilling of the Gramalote deposit, drilling for metallurgical test samples and conducting engineering studies. Each joint venture partner will fund their share of expenditures pro rata.
The two companies plan to continue exploration and conduct prefeasibility work in and intowith a goal of completing a final feasibility study by April Nicaraguan Joint VenturesIn addition to La Libertad and Limon property exploration programs, the Company is involved in two exploration joint ventures in Nicaragua. The Company has the right to earn a majority interest from Radius Gold in two Nicaraguan properties called Trebol and Pavon.
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Work which Limonaare ongoing at Trebol has consisted trenching and geochemical soil sampling over the 25 km strike length of the system. A total of 31 holes totaling 2, metres have been drilled so far this year. The Company expects to release assay results in April The Company has the right to earn a majority interest in the Borosi project, located in north east Nicaragua, owned by Calibre Mining. The companies continue to explore the property.