News Bureau

 
 
March 17, 2018

Outlook 2018 of 910K oz at B2Gold

B2Gold Corp  announces its operational and financial results for the fourth quarter and year-end December 31, 2017.  B2Gold says, record annual consolidated gold production, for the ninth consecutive year, of 630,565 ounces of gold (including 79,243 ounces of pre-commercial production from Fekola), exceeding the upper end of the revised guidance range (of 580,000 to 625,000 ounces) and well above the upper end of the original guidance range (of 545,000 to 595,000 ounces).

In 2018, the Fekola Mine is projected to produce between 400,000 and 410,000 ounces of gold, with cash operating costs and AISC ranges of approximately $345 to $390 per ounce and $575 to $625 per ounce, respectively.

Based on current projections, inclusion of a full year's production from the Fekola Mine will increase B2Gold's consolidated gold production by 300,000 ounces to between 910,000 and 950,000 ounces of consolidated gold production in 2018, with projected AISC of between $780 to $830 per ounce.

Based on a $1,300 gold price, and other current assumptions, the Company expects cash from mining operations to increase from approximately $155 million in 2017 to an average of close to $0.5 billion per year over the next three years, including 2018.

The Fekola Mine success is the latest in a series of accretive acquisitions, construction and exploration successes that have resulted in a steady rise in profitable production over the last 11 years, from 2007, when B2Gold was created as a junior exploration company with no gold production, to the projected 2018 production of between 910,000 to 950,000 ounces gold from the Company's five gold mines.

 

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