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B2Gold Reports Strong Third Quarter 2017 Gold Production; Completes Mine Construction and First Gold Pour at Fekola More Than Three Months Ahead of Schedule
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2017) - B2Gold Corp. (TSX: BTO) (...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Reports Strong Third Quarter 2017 Gold Production; Completes Mine Construction and First Gold Pour at Fekola More Than Three Months Ahead of ScheduleVancouver, British Columbia--(Newsfile Corp. - October 13, 2017) - 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 third quarter and first nine months of 2017. All dollar figures are in United States dollars unless otherwise indicated. 2017 Third Quarter Highlights●   Consolidated gold production of 135,628 ounces, including 6,340 ounces of pre-commercial production from the Fekola Mine, exceeding (original) budget by 2% (or 2,254 ounces) and reforecast production by 15% (or 17,372 ounces)●   Consolidated gold revenue of $154.1 million on sales of 121,597 ounces at an average price of $1,267 per ounce●   Otjikoto Mine achieved record quarterly production of 55,151 ounces●   Fekola Mine construction completed and processing of ore commenced more than three months ahead of schedule in September 2017●   First gold pour at the Fekola Mine achieved on October 7, 2017 ●   In July 2017, the Masbate operations were presented with the Philippine Department of Environment and Natural Resources' (\"DENR\") prestigious Saringaya Award for its contribution to environmental protection, conservation and management in the regions surrounding the Masbate Mine●   In July 2017, the Company secured a $500 million upsized corporate revolving credit facility, representing a $75 million increase from the existing facility ●   For full-year 2017, the Company is on track to meet the high end of its revised annual consolidated production guidance range of between 530,000 and 570,000 ounces of gold ●   2018 outlook provides for dramatic production growth of over 70%, with the planned first full-year of production from the Fekola Mine, consolidated annual gold production is expected to increase significantly to between 925,000 and 975,000 ounces with cash operating costs (see \"Non-IFRS Measures\") and all-in sustaining costs (\"AISC\") (see \"Non-IFRS Measures\") expected to decrease and be approximate...