08:59 AM EDT, 10/06/2025 (MT Newswires) -- B2Gold ( BTG ) traded 1.5% higher at last look Monday in NYSE American pre-market after reporting that the Goose mine in Nunavut achieved commercial production on Oct. 2.

The company said it declared commercial production based on an internal commercial production measure of 30 consecutive days of average mill throughput at 65% or greater based on the mill design capacity of 4,000 tonnes per day.

From Sept. 3 through Oct. 2, the mill achieved an average throughput of 2,652 tpd, which represents 66% of design capacity, B2Gold ( BTG ) said.

The miner said mill feed over the 30-day commercial production period has been predominantly from the mined out Echo open pit.

"This tremendous achievement comes just over three months after the commencement of mill operations," president and chief executive officer Clive Johnson said. "The Goose mine will be a cornerstone of B2Gold's ( BTG ) production base and demonstrates the strength of our construction and operating teams worldwide."

B2Gold ( BTG ) reiterated its near-term and long-term gold production estimates for the Goose mine, which includes 80,000 to 110,000 ounces of gold production in 2025, about 250,000 ounces of gold production in 2026 and about 330,000 ounces of gold production in 2027.

The company also confirmed the average annual gold production estimate for the initial full six years of operations of Goose at about 300,000 ounces per year.