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B2Gold Corp., headquartered in Vancouver, Canada, is a prominent international gold mining company. Established in 2007, B2Gold has rapidly ascended to become one of the fastest-growing intermediate gold producers globally. The company's portfolio includes four operating mines and numerous exploration projects spread across four continents, including significant activities in Nicaragua, the Philippines, Namibia, Mali, and Burkina Faso.
B2Gold's core business revolves around the acquisition, exploration, and development of mineral properties, primarily focusing on gold deposits. This focus is evident in their four operational mines: the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia, and the Goose Project. Additionally, the company is advancing its construction efforts at the Fekola Mine in southwest Mali, which is on schedule and within budget, with production expected to commence by the end of 2017.
With an emphasis on maintaining a low-cost structure, B2Gold is well-positioned to achieve significant growth, targeting an annual gold production of approximately 800,000 to 850,000 ounces by 2018, while simultaneously reducing production costs. This strategic approach ensures the company’s financial stability and continual expansion.
B2Gold’s diverse assets also include the Gramalote and Kiaka projects, further solidifying its reputation as a leading player in the gold mining industry. The company operates without dependency on any specific purchaser, as its gold production is sold in the global market, ensuring robust revenue streams.
Recent achievements and ongoing projects highlight B2Gold’s commitment to sustainable development and operational excellence. The company's dedication to growth and innovation is evident in its increased production targets and declining costs, making it a significant entity in the global mining sector.
For more information or to contact B2Gold Corp., please visit their corporate website.
B2Gold Corp. reported strong operational and financial results for Q3 2020, with gold production of 248,733 ounces, exceeding budget by 1% and representing a 17% increase year-over-year. Quarterly gold revenue hit a record $487 million, a 57% rise from Q3 2019. The company's cash flow from operations reached $301 million, up 79%. Notably, net income attributable to shareholders was $263 million ($0.25 per share). B2Gold anticipates 2020 production near guidance of 1 million ounces. The Fekola Mine's performance remained robust despite political developments in Mali, and the company is addressing COVID-19 impacts while maintaining strong liquidity.
B2Gold Corp. announced strong Q3 2020 results with consolidated gold production of 248,733 ounces, exceeding budget by 1% and up 17% year-over-year. Gold revenue reached a record $487 million, a 57% increase from Q3 2019. For the first nine months, production totaled 738,939 ounces and revenue $1.309 billion, a 56% rise. The company is on track for annual production between 1,000,000 and 1,055,000 ounces, with cash operating costs expected to remain low. B2Gold is now debt-free after paying off its credit facility.
B2Gold Corp. has announced positive exploration drilling results from the Cardinal and FMZ zones near the Fekola mine and the Mamba zone in the Anaconda area. These results extend mineralization to over 3.5 kilometers along strike, indicating potential for more gold deposits. An initial Inferred Mineral Resource estimate is expected in Q1 2021. The company has completed 33,000 meters of drilling at Cardinal and FMZ, revealing significant high-grade intercepts. An update on the Mamba zone is anticipated by the end of Q4 2020, following 90% completion of resource infill drilling.
B2Gold Corp. has successfully completed its Fekola mill expansion, increasing capacity to 7.5 million tonnes per annum, a month ahead of schedule. The company has maintained its 2020 production guidance of 1,000,000 - 1,055,000 ounces of gold and announced a cash dividend of $0.04 per share, payable on September 30, 2020. The total cash operating costs are projected between $415 - $455 per ounce. Debt repayment is on track, with $375 million repaid from a $425 million credit facility, aiming to be debt-free by late September 2020.
B2Gold Corp. (NYSE AMERICAN: BTG) announces stable operations at its Fekola Mine in Mali amidst ongoing political challenges. The mine continues to function normally, with adequate supplies secured to maintain its activities. The Fekola mill expansion is on schedule, and no operational delays have occurred due to the local situation. B2Gold expresses commitment to supporting the Malian economy, employing over 2,200 individuals—93% of whom are local. The company provided over US$37 million in salaries in 2019 and generated almost US$134 million in government revenue.
B2Gold Corp. (BTG) reported robust operational and financial results for Q2 and H1 2020, with gold production reaching 239,574 ounces, 15% higher than Q2 2019. The company achieved record revenue of $442 million, a 65% increase year-over-year. Cash flow from operations was $238 million, up 156%. Consolidated cash operating costs were low at $385 per ounce. The board announced a 100% increase in the quarterly dividend to $0.04 per share. With a net cash position of $157 million, B2Gold maintains strong guidance for 2020, forecasting production between 1,000,000 and 1,055,000 ounces.
B2Gold will release its Q2 and first half 2020 financial results after market close on August 5, 2020. A conference call is scheduled for August 6, 2020, at 10:00 am PDT to discuss these results. Investors can access the call via phone or webcast. B2Gold operates mines in Mali, Namibia, and the Philippines, and is involved in exploration projects in Mali and Colombia. For more details, visit www.b2gold.com.
B2Gold Corp. announces the launch of its Namibian Rhino Gold Bar campaign in North America aimed at supporting the conservation of critically endangered black rhinos in Namibia. Coinciding with World Ranger Day on July 31, the company reveals plans to sell 1,000 limited-edition gold bars, with 400 one-ounce bars available for purchase on Kitco's retail website. Proceeds will benefit conservation efforts and local communities engaged in protecting these animals from poaching. This initiative represents a unique funding mechanism to ensure sustainable conservation efforts amid challenges posed by the COVID-19 pandemic.
B2Gold Corp. (NYSE: BTG) announced a significant contribution of $2 million to support Namibia's COVID-19 relief program, marking one of the largest private sector donations to the initiative. This funding will be used to purchase personal protective equipment, hospital equipment, and food relief packages. Additionally, B2Gold has previously contributed $1.7 million this year towards community projects and an initial $240,000 to aid COVID-19 response efforts in April. The company remains committed to improving the livelihoods of Namibians through its corporate social responsibility initiatives.
B2Gold Corp (NYSE: BTG) announced strong gold production and revenue for Q2 and H1 2020, with production of 239,574 ounces in Q2, a 15% increase year-over-year, and a record revenue of $442 million, up 65% from 2019. H1 production reached 490,206 ounces, exceeding budget by 5%. The Fekola Mine led production with 147,424 ounces, showing resilience amid political unrest in Mali. Additionally, B2Gold declared a $0.02 per share dividend and maintained production guidance of 1,000,000 to 1,055,000 ounces for 2020, reflecting robust financial stability.
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