News Bureau

 
 
May 20, 2017

B2Gold Reports Strong 1Q 2017


B2Gold reported its operational and financial results for the first quarter of 2017. Consolidated gold production of 132,736 ounces is up by 6% over 7,955 oz above budget 2017 and 4% up by YoY of 4,892 oz in 2016.

Consolidated gold revenue of $146.3 million on sales of 119,937 ounces at an average price of $1,219 per ounce

Consolidated cash operating costs of $564 per ounce, $80 per ounce below budget.

Company is on track to meet its 2017 annual guidance of between 545,000 to 595,000 ounces of gold production.

Gold production from the Company's Masbate, Otjikoto and La Libertad mines all exceeded expectations. The Otjikoto Mine had a very strong start to the year with first quarter gold production of 42,774 ounces, significantly above budget by 20% and also 20% greater than the first quarter of 2016. The Masbate Mine also continued its very strong operational performance producing 52,562 ounces of gold, 5% above budget and comparable with the prior-year quarter.

For full-year 2017, B2Gold is projecting another year of growth with consolidated gold production expected to be in the range of between 545,000 and 595,000 ounces. Looking forward to 2018, with the planned first full-year of production from the Fekola Project, the Company is projecting its consolidated gold production to increase significantly and to be between 900,000 and 950,000 ounces.

 

 

 

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