Business
B2Gold Reports Record First Quarter Gold Production and Revenue in 2018; Quarterly Gold Production Increase of 81% to 240,000 Ounces and Revenues More than Double to $344 Million
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2018) - B2Gold Corp. (TSX: BTO) (NYSE...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Reports Record First Quarter Gold Production and Revenue in 2018; Quarterly Gold Production Increase of 81% to 240,000 Ounces and Revenues More than Double to $344 MillionVancouver, British Columbia--(Newsfile Corp. - April 11, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") is pleased to announce its gold production and gold revenue for the first quarter of 2018. All dollar figures are in United States dollars unless otherwise indicated. First Quarter 2018 HighlightsRecord quarterly consolidated gold production of 239,684 ounces, a significant increase of 81% (or 106,948 ounces) over the same period last year, and 7% (or 16,252 ounces) above budget, due to the continued strong performances of the Fekola Mine in Mali, Masbate Mine in the Philippines and the Otjikoto Mine in NamibiaRecord quarterly consolidated gold revenue of $344.3 million, a significant increase of 135% (or $198.0 million) over the same period last year Fekola Mine continued to operate above plan since achieving commercial production on November 30, 2017, producing 114,142 ounces of gold in the quarter, 11% (or 11,228 ounces) above budgetB2Gold is well on target to achieve transformational growth in 2018 and meet its annual guidance of between 910,000 and 950,000 ounces of gold production in 2018 at cash operating costs (see “Non-IFRS Measures”) of between $505 and $550 per ounce and all-in sustaining costs (“AISC”) (see “Non-IFRS Measures”) of between $780 and $830 per ounceGold Production With the large, low-cost Fekola Mine now in production, consolidated gold production in the first quarter of 2018 was a quarterly record of 239,684 ounces, a significant increase of 81% (or 106,948 ounces) over the same period last year, and 7% (or 16,252 ounces) above budget. In its first full quarter of operations (after achieving commercial production on November 30, 2017, within only 60 days from start-up), the new Fekola Mine continued to operate above plan, producing 114,142 ounces of gold in the first quarter of 2018, 11% (or 11,228 ounces) above budget. The Masbate Mine and Otjikoto Mine also had a solid start to the year with both mines exceeding their targeted production levels for the quarter. B2Gold is well on target to achieve transformational growth in 2018. For fu...