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B2Gold Reports Q1 2023 Results; Cash Operating Costs and All-In Sustaining Costs Below 2023 Annual Guidance Ranges; Operating Cash Flow before Working Capital Adjustments of $223 million
VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) announces its op
About this update from B2gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) announces its operational and financial results for the first quarter of 2023. All dollar figures are in United States dollars unless otherwise indicated. 2023 First Quarter Highlights Total gold production of 266,856 ounces in Q1 2023, exceeding expectations to start 2023: Total gold production of 266,856 ounces, including 16,137 ounces of attributable production from Calibre Mining Corp. (\"Calibre\"). The Fekola Mine produced 165,864 ounces in the quarter, benefitting from a favorable mine phasing sequence to start 2023, with Phase 6 of the Fekola pit providing high-grade ore to the process plant. All B2Gold operations are on track to meet or exceed annual production guidance ranges. On April 27, 2023, Fekola produced its three millionth ounce of gold, five years and seven months from construction completion. Total consolidated cash operating costs of $600 per gold produced in Q1 2023, well below the annual guidance range (between $670 and $730 per ounce): Total consolidated cash operating costs (see “Non-IFRS Measures”) (including estimated attributable results for Calibre) of $600 per gold ounce produced during the quarter. Consolidated cash operating costs from the Company’s three operating mines of $576 per gold ounce produced. Total consolidated all-in sustaining costs of $1,060 per gold ounce sold in Q1 2023, well below the annual guidance range (between $1,195 and $1,255 per ounce): Total consolidated all-in sustaining costs (see “Non-IFRS Measures”) (including estimated attributable results for Calibre) of $1,060 per gold ounce sold. Consolidated all-in sustaining costs from the Company’s three operating mines of $1,049 per gold ounce sold, lower than expected as a result of lower cash operating costs and the timing of sustaining capital expenditures that are expected to be incurred later in 2023. Attributable net income of $0.08 per share; Adjusted attributable net income of $0.10 per share in Q1 2023: Net income attributable to the shareholders of the Company of $86.0 million ($0.08 per share); adjusted net income (see “Non-IFRS Measures”) attributable to the shareholders of the Company of $106 million ($0.10 per share). Operating cash flow before working capital adjustment...