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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) announced an updated Mineral Resource estimate for the Anaconda area, significantly increasing both Indicated and Inferred resources. The estimate includes 32.4 million tonnes at 1.08 g/t gold (1.13 million ounces) for Indicated resources and 63.7 million tonnes at 1.12 g/t gold (2.28 million ounces) for Inferred resources. A budget of US$33 million is allocated for 2022 to develop infrastructure for saprolite mining, potentially adding 80,000 to 100,000 ounces per year to the Fekola mill's production. Further drilling and exploration are ongoing to enhance resource estimates.
B2Gold (BTG) announced strong operational and financial results for Q4 and full-year 2021, achieving a record gold production of 1,047,414 ounces. The company reported consolidated gold revenues of $1.76 billion, driven by an average realized price of $1,796 per ounce. Q4 production was 304,897 ounces with revenues of $526 million. B2Gold forecasts 2022 gold production between 990,000 and 1,050,000 ounces and cash operating costs of $620 to $660 per ounce. Despite ongoing sanctions in Mali, operations remain unaffected, with plans to enhance production through the Cardinal zone.
B2Gold Corp. (BTG) will release its fourth quarter 2021 financial results on February 22, 2022, after North American markets close. Following this, executives will host a conference call on February 23, 2022, at 10:00 AM PDT to discuss the results. B2Gold operates gold mines in Mali, Namibia, and the Philippines and has numerous exploration projects globally. Investors can access the results and call details on the company's website.
B2Gold Corp. has received a new exploration permit from the Government of Mali for its Menankoto project, facilitating exploration in the Anaconda area, near the Fekola Mine. Operations will commence by February 15, 2022, with a budget of $33 million to support initial saprolite mining. The updated Cardinal Zone Mineral Resource estimate reports 8 million tonnes at 1.67 g/t gold for 430,000 ounces, alongside 19 million tonnes at 1.21 g/t for 740,000 ounces in inferred resources. This development strengthens B2Gold's potential to enhance gold production and supports future mining projects.
B2Gold Corp. (BTG) announced robust 2021 gold production results, achieving a record of 1,047,414 ounces for the year and consolidated revenues of $1.76 billion. The fourth quarter saw production of 304,897 ounces with revenues of $526 million. For 2022, the company forecasts gold production between 990,000 - 1,050,000 ounces, with increased cash operating costs due to inflationary pressures. The Fekola Mine is expected to contribute significantly to output, especially in the second half of the year.
B2Gold Corp. (BTG) announced a CDN$1,000,000 donation to community organizations in British Columbia, highlighting its commitment through the More than Mining Fund. The contributions include CDN$100,000 to the Canadian Red Cross for flood relief efforts and CDN$750,000 aimed at local social issues exacerbated by the COVID-19 pandemic. Notable allocations include CDN$250,000 to the Greater Vancouver Food Bank, CDN$200,000 to Covenant House Vancouver, and additional support for organizations addressing homelessness and health care. This initiative reflects B2Gold’s ongoing corporate social responsibility efforts.
B2Gold Corp. (NYSE AMERICAN: BTG) announced on December 9, 2021, it has reached an agreement with the State of Mali regarding the Menankoto exploration permit. The new permit is expected to be issued before year-end 2021, replacing a previous one under arbitration since June 2021. The Fekola Mine, operationally unaffected by the dispute, anticipates production between 560,000 to 570,000 ounces of gold in 2021. Additionally, an updated Environmental and Social Impact Assessment for Fekola was approved, potentially increasing production by 60,000 ounces annually over the next 6 to 8 years.
B2Gold Corp. (BTG) has finalized the sale of its 81% stake in the Kiaka gold project and 90% interest in the Toega gold project, both located in Burkina Faso, to West African Resources Limited (WAF). The company received US$22.5 million in cash, 22,190,508 WAF shares, and a 2.7% net smelter return royalty from the Kiaka Project, alongside an additional potential payment of US$45 million. The Toega Project transaction yielded US$9 million cash and a similar royalty structure. CEO Clive Johnson expressed confidence in WAF's capability to advance these projects.
B2Gold Corp. has declared a Q4 2021 cash dividend of $0.04 per common share, totaling $0.16 annually. The dividend will be payable on December 17, 2021, to shareholders of record by December 8, 2021. This decision aligns with B2Gold's long-term strategy to enhance shareholder value and indicates potential for consistent future dividends. The company forecasts gold production between 1,015,000 to 1,055,000 ounces in 2021.
B2Gold Corp. (BTG) reported robust Q3 and YTD results for 2021, with total gold production reaching 310,261 ounces in Q3, exceeding budget by 7%. Consolidated gold revenue hit $511 million, driven by sales of 286,650 ounces at an average price of $1,782 per ounce. For the first nine months, production totaled 742,517 ounces and revenue $1.2 billion. Cash costs were consistent with budget, and production guidance for 2021 was raised to 1,015,000-1,055,000 ounces. B2Gold maintains a strong financial position with $547 million in cash and a $600 million credit facility available.
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