News Bureau

 
 
February 21, 2017

B2Gold production of 550423 Oz

B2Gold announced Q4 2016 gold production and revenue as well as production and cash cost guidance for 2017. According to the announcement consolidated gold production in Q4 of 140,651 ounces which remained 7% greater than the same period in 2015.

While year ended record annual consolidated gold production of 550,423 ounces of gold, achieving revised production guidance and surpassing initial guidance of 510,000 to 550,000 ounces. Masbate Mine achieved record annual gold production of 206,224 ounces, 17% higher than 2015.

Otjikoto Mine achieved record annual gold production of 166,285 ounces, 14% higher than 2015. Record annual consolidated gold revenue of $683.3 million on record sales of 548,281 ounces at an average price of $1,246 per ounce.

2017 outlook provides for forecast annual consolidated gold production of between 545,000 and 595,000 ounces. 2018 outlook provides for very strong production growth, with the planned first full-year of production from the Fekola project.

Consolidated annual gold production is expected to increase significantly and be between 900,000 and 950,000 ounces with cash operating costs and AISC expected to approximate the Company's 2016 revised cost guidance ranges of $500 to $535 per ounce for cash operating costs and $780 to $810 per ounce for AISC.

 

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