One employee shot dead at B2Gold Masbate project in the Philippines

Masbate gold project. (Image courtesy of B2Gold)

Canadian gold miner B2Gold Corp. (TSX:BTO) said one of its security guards, a long-time employee at the Masbate gold project in the Philippines, has been shot dead by a colleague following an argument between the two.

In a quarterly update released late Tuesday, the company unveiled that the shooting took place on Saturday, Dec. 20 and that the unnamed perpetrator was arrested by the Philippine National Police at Aroroy.

B2Gold acquired the mining and milling operation on the island of Masbate through a merger with CGA Mining Ltd., which was completed early last year.

The company also has operations in Namibia and Nicaragua, and holds assets in Mali, Burkina Faso and Colombia.