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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. (NYSE AMERICAN: BTG) is set to release its fourth quarter and full year 2022 financial results on February 22, 2023, after North American markets close. The company's executives will host a conference call on February 23, 2023, at 10:00 am PDT/1:00 pm EST to discuss these results. B2Gold, headquartered in Vancouver, Canada, operates gold mines in Mali, Namibia, and the Philippines, and has several exploration projects worldwide. Investors can access the conference call by registering online. For further details, visit B2Gold's website.
B2Gold Corp. (BTG) announced its goal to decrease Scope 1 and 2 greenhouse gas emissions by 30% by 2030, relative to a 2021 baseline. This initiative is part of the company’s broader Climate Strategy, aimed at integrating climate management into its operations. Key objectives include assessing climate risks, reporting on emissions reduction targets, and enhancing renewable energy usage. B2Gold will expand its Fekola solar plant, increasing solar capacity by 22 MWac, cutting GHG emissions by approximately 24,000 tonnes annually, and reducing fuel consumption by 7.6 million liters each year. Construction is set to begin in Q3 2023 and finish by Q3 2024.
B2Gold Corp. reported its fourth quarter and full year 2022 performance, achieving a record gold production of 367,870 ounces in Q4 and 1,027,874 ounces for the year. The company surpassed its production guidance, notably with 244,014 ounces from the Fekola Mine. Fourth quarter revenue reached $592 million, with an average gold price of $1,746 per ounce. For 2023, B2Gold projects production between 1,000,000 and 1,080,000 ounces but anticipates an increase in cash costs to $670 to $730 per ounce due to inflationary pressures. A total of $64 million has been allocated for exploration activities in 2023.
B2Gold Corp. reports the tragic deaths of two employees following an off-site robbery in Mali. The incident occurred during a bus transport under police escort, approximately 75 kilometers from Bamako. While two employees lost their lives, all other personnel on board were safely accounted for. B2Gold extends its sincere condolences to the families of the deceased and prioritizes the safety of its employees. Importantly, mining and processing operations at the Fekola Mine remain unaffected.
B2Gold Corp. reports positive exploration results from the Fekola Complex in Mali, reaffirming 2022 gold production guidance of 990,000 to 1,050,000 ounces. Recent drilling at Mamba and Cobra zones revealed high-grade gold intersections, including 9.48 g/t over 14.60 m and 4.46 g/t over 3.62 m, respectively. October and November saw record production at the Fekola Mine with 79,967 and 95,460 ounces, respectively. The current drilling program has yielded approximately 169,000 m of drilling this year, with ongoing metallurgical testing to enhance gold recovery.
B2Gold Corp. (BTG) has declared a cash dividend of $0.04 per share for Q4 2022, amounting to an annualized $0.16, payable on December 16, 2022. Shareholders of record by December 7, 2022 will receive this dividend. B2Gold aims to maintain this level for future quarterly dividends, although future payments are subject to the Board's discretion based on economic conditions and company performance. The dividend qualifies as an 'eligible dividend' under Canadian tax law, with non-resident shareholders subject to withholding taxes.
B2Gold Corp (BTG) has announced its operational and financial results for Q3 2022, reporting total gold production of 227,016 ounces, with expectations for a significant increase in Q4. Cash operating costs were $824 per ounce sold, with all-in sustaining costs at $1,169. The company recorded a net loss of $23 million, or $(0.02) per share, while adjusted net income was $32 million, or $0.03 per share. B2Gold reaffirms its full-year gold production guidance between 990,000 and 1,050,000 ounces. The company remains financially robust, holding cash equivalents of $549 million as of September 30, 2022.
B2Gold Corp. announced its Q3 2022 gold production of 227,016 ounces, reaffirming its 2022 guidance of 990,000 to 1,050,000 ounces. The Fekola Mine produced 129,933 ounces despite delays from a rainy season, with expectations to increase production from higher-grade ore in Q4. The Masbate Mine contributed 49,902 ounces, consistent with its guidance. Otjikoto Mine's output was below expectations at 35,068 ounces due to developmental delays. The company maintains a robust financial position with $393 million in gold revenue for the quarter and a dividend of $0.04 per share.
B2Gold Corp. has successfully acquired Oklo Resources Limited, enhancing its landholding in Mali by 1,405 km², including the Dandoko Project. B2Gold issued 10,742,814 shares and paid approximately A$27.4 million in cash for the acquisition. The Dandoko Project holds a JORC-compliant mineral resource estimate of 528,000 ounces of gold. B2Gold plans a 161,000-meter drill program with a US$35 million budget to further develop this area. The first saprolite production is expected in Q2 2023, alongside ongoing exploration.
B2Gold Corp. announced promising exploration results from the Anaconda Area, confirming the continuity of the Mamba Main Zone's high-grade mineralization. Noteworthy drill results include hole BND_108 yielding 5.89 g/t gold over 28.70 meters, part of a broader 2022 exploration plan involving 161,000 meters of drilling, with a budget of approximately $35 million. The ongoing exploration is set to enhance the Mineral Resource estimate, with potential for significant increases in gold production at the Fekola mill. The acquisition of Oklo Resources is also expected to expand B2Gold's exploration footprint.
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