BOGOTA, July 14 (Reuters) -

Canadian miner B2Gold ( BTG ) will spend invest $740

million to develop its Gramalote mine in central Colombia, the

company said on Monday while announcing the results of the

project's feasibility study.

The study confirms the technical, economic and

environmental viability of the project located in the

municipality of San Roque in Colombia's Antioquia department,

B2Gold ( BTG ) said in a statement.

According to the company, the project is expected to

have a mine life of 11 years and a processing plant life of 13

years.

B2Gold ( BTG ) currently operates four gold mines in Mali, the

Philippines, Canada, and Namibia. Additionally, the company is

pursuing exploration and expansion projects in Colombia and

Finland.