Business
B2Gold Reports Strong Fourth Quarter and Full-Year 2017 Results; 2018 Outlook Provides for Very Strong Production Growth with Forecast Gold Production of Between 910,000 and 950,000 Ounces
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2018) - B2Gold Corp. (TSX: BTO) (NYSE...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Reports Strong Fourth Quarter and Full-Year 2017 Results; 2018 Outlook Provides for Very Strong Production Growth with Forecast Gold Production of Between 910,000 and 950,000 OuncesVancouver, British Columbia--(Newsfile Corp. - March 15, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") is pleased to announce its operational and financial results for the fourth quarter and year-end December 31, 2017. The Company previously released its gold production and gold revenue results for the fourth quarter and full-year 2017, in addition to its production and cash cost guidance for 2018 (see news release dated 1/11/18). 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 production1 from Fekola), exceeding the upper end of the revised guidance range (of 580,000 to 625,000 ounces) and well above the upper 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 production sales from Fekola) 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 pre-commercial production), far surpassing the upper end of its original guidance range (of 45,000 to 55,000 ounces) Fekola Mine achieves cash operating costs (see “Non-IFRS Measures”) of $277 per ounce and all-in sustaining costs (“AISC”) (see “Non-IFRS Measures”) of $419 per ounce (including pre-commercial results)Masbate Mine achieves near-record annual gold production of 202,468 ounces and Otjikoto Mine achieves record annual gold production of 191,534 ouncesB2Gold’s full-year consolidated cash operating costs of $542 per ounce (including Fekola’s pre-commercial production results) were well below guidance of between $610 and $650 per ounce B2Gold’s full-year c...