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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. (BTG) has filed its SEC Annual Report on Form 40-F for the fiscal year ended December 31, 2020. This comprehensive report includes the Company’s Annual Information Form, audited Financial Statements, and Management's Discussion & Analysis. B2Gold, a low-cost gold producer, forecasts gold production between 970,000 and 1,030,000 ounces for 2021. Shareholders can request a free hard copy of the complete audited financial statements. The report provides insights into the Company’s operational performance and future outlook amidst ongoing challenges, including the COVID-19 pandemic.
B2Gold Corp. (BTG) announced an update regarding the Menankoto exploration permit, located 20km north of the Fekola Mine. The Menankoto subsidiary applied for a one-year renewal in February 2021 but was advised in March that the renewal would not be granted. B2Gold believes the renewal is justified under Malian law and is in discussions with the government. The Fekola Mine is projected to produce 530,000 to 560,000 ounces of gold in 2021, excluding the Anaconda area Mineral Resource. B2Gold continues to foster a strong relationship with the Malian government.
B2Gold Corp. (BTG) reported strong operational results for 2020, achieving record gold production of 1,040,737 ounces and revenues of $1.79 billion, a 55% increase from 2019. The Q4 production was 270,469 ounces with revenues of $480 million. The company maintains a solid financial position with cash reserves of $480 million and plans a 2021 gold production forecast of 970,000 to 1,030,000 ounces. A quarterly dividend of $0.04 per share was declared, reflecting confidence in continued performance despite higher costs in 2021.
B2Gold Corp. is scheduled to release its fourth quarter and year-end 2020 financial results on February 23, 2021. A conference call will follow on February 24, 2021, at 10:00 am PDT to discuss these results. Investors can access the call via phone or webcast. B2Gold operates gold mines in Mali, Namibia, and the Philippines and has various exploration projects globally. For further details, visit the company’s website.
B2Gold Corp. announced its 2020 gold production and revenue results, achieving a record total production of 1,040,737 ounces and consolidated revenues of $1.79 billion, up 55% from 2019. Fourth-quarter production totaled 270,469 ounces, contributing to $480 million in quarterly revenues, a 53% increase year-over-year. Looking ahead, the company forecasts 2021 production between 970,000 and 1,030,000 ounces with expected cash operating costs between $500 and $540 per ounce.
B2Gold Corp. (BTG) announced a further contribution of CDN$500,000 to support community organizations in Metro Vancouver facing challenges from COVID-19, bringing its total donation for the year to CDN$1,000,000. The funds are allocated to Covenant House Vancouver, Greater Vancouver Food Bank, PHS Community Services Society, and The Bloom Group Community Services Society. This follows B2Gold's earlier donations in April 2020 and underscores its commitment to corporate social responsibility, particularly during the pandemic.
B2Gold Corp. has declared a $0.04 cash dividend per share for Q4 2020, translating to an annualized rate of $0.16. This dividend is payable on December 18, 2020, to shareholders recorded by December 8, 2020. The company aims to sustain this dividend level in future quarters, although future payments are subject to Board discretion based on various factors, including business performance and economic conditions. B2Gold is forecasted to produce between 1,000,000 and 1,055,000 ounces of gold in 2020.
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.
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