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B2Gold Reports Record Fourth Quarter and Full-Year Gold Production in 2017; New Fekola Mine Produces 111,450 Ounces in 2017 During Ramp-up, 123% Above Budget
2018 Outlook Provides for Very Strong Production Growth with Forecast Gold Production of Betwe...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Reports Record Fourth Quarter and Full-Year Gold Production in 2017; New Fekola Mine Produces 111,450 Ounces in 2017 During Ramp-up, 123% Above Budget2018 Outlook Provides for Very Strong Production Growth with Forecast Gold Production of Between 910,000 and 950,000 Ounces   Vancouver, British Columbia--(Newsfile Corp. - January 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 fourth quarter and full-year 2017 in addition to its production and cash cost guidance for 2018. All dollar figures are in United States dollars unless otherwise indicated. 2017 Full-Year HighlightsRecord annual consolidated gold production, for the ninth consecutive year, of 630,565 ounces of gold, (including 79,243 ounces of pre-commercial production from Fekola), exceeding the upper end of the revised guidance range (of 580,000 to 625,000 ounces) and surpassing the top end of the original guidance range (of 545,000 to 595,000 ounces) Annual consolidated gold revenue of $638.7 million (or an annual record of $739.5 million, including $100.9 million of pre-commercial sales from Fekola) Full-year consolidated cash operating costs per ounce (see “Non-IFRS Measures”) and all-in sustaining costs (“AISC”) per ounce (see “Non-IFRS Measures”) are expected to be at, or below, the low end of their cost guidance ranges of between $610 and $650 per ounce and between $940 and $970 per ounce, respectively   Fekola Mine construction successfully completed in late September 2017, more than three months ahead of the original schedule  Fekola Mine achieved commercial production on November 30, 2017, one month ahead of the revised schedule and four months ahead of the original scheduleFekola Mine gold production was 111,450 ounces in 2017 (including 79,243 ounces of pre-commercial production), far surpassing the upper end of its original guidance range (of 45,000 to 55,000 ounces) due to its early start-up and strong ramp-up performanceWith the planned first full year of production from the Fekola Mine, the outlook for 2018 provides for dramatic production growth of approximately 300,000 ounces versus 2017, as consolidated annual gold production is expected to increase significantly ...