Business
B2Gold Corp. Reports Record 2016 Gold Production; Fekola Project Mine Construction Ahead of Schedule and Now on Target for an October 2017 Production Start
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2017) - B2Gold Corp. (TSX: BTO) (NY...
About this update from B2gold Corp.
[{"type":"text","content":"\nB2Gold Corp. Reports Record 2016 Gold Production; Fekola Project Mine Construction Ahead of Schedule and Now on Target for an October 2017 Production StartVancouver, British Columbia--(Newsfile Corp. - February 5, 2017) - B2Gold Corp. (TSX: BTO) (NYSE MKT: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") is pleased to announce fourth quarter and full-year 2016 gold production and revenue as well as production and cash cost guidance for 2017. All dollar figures are in United States dollars unless otherwise indicated. 2016 Fourth Quarter HighlightsConsolidated gold production of 140,651 ounces, 7% (or 9,182 ounces) greater than the same period in 2015Gold revenue of $181.2 million on record sales of 151,524 ounces at an average price of $1,196 per ounce, an increase in revenue of 30% (or $42.2 million) over the same period in 2015Fekola project mine construction is ahead of schedule for an October 2017 production start and remains on budget 2016 Full-Year HighlightsRecord annual consolidated gold production of 550,423 ounces of gold, achieving revised production guidance (of 535,000 to 575,000 ounces) and surpassing initial guidance (of 510,000 to 550,000 ounces) Masbate Mine achieved record annual gold production of 206,224 ounces, 17% (or 30,421 ounces) higher than 2015Otjikoto Mine achieved record annual gold production of 166,285 ounces, 14% (or 20,562 ounces) higher than 2015Record annual consolidated gold revenue of $683.3 million on record sales of 548,281 ounces at an average price of $1,246 per ounceFull-year consolidated cash operating costs are expected to be near the low end of the reduced cost guidance range of between $500 and $535 per ounce (initial guidance range was between $560 and $595 per ounce) Full-year AISC are expected to be near the low end of the reduced guidance range of between $780 and $810 per ounce (initial guidance range was between $895 and $925 per ounce) Signed a Euro 71.4 million Equipment Facility with Caterpillar Financial SARL for the Fekola project (funding subject to satisfaction of conditions precedent)Additional positive exploration drill results reported for the Company's Mali and Burkina Faso greenfield targets 2017 outlook provides for forecast annual consolidated gold production of between 545,000 and 595,000 ounces, forecast cash operating costs of between $610 and $650 per ounce an...