B2gold Corp. · TSX:BTO
B2gold — Investor Presentation (January 2011)
33 slides from B2gold's investor presentation, January 2011
Slide 1: B2Gold Corp. Presentation
B2Gold Corp. Presentation Delivering For Shareholders January, 2011 12 1
Slide 2: Cautionary Statement
Cautionary Statement Some of the statements contained in this presentation are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result
Slide 3: About B2Gold Corp.
About B2Gold Corp. Vancouver based gold producer founded as a private company in 2007 by the former executives and management team of Bema Gold Corporation The team built Bema from inception in 1988 to a Cdn$3.5 billion takeover by Kinross in 2007 Listed on the TSX (― BTO‖) and the OTCQX (― BG
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 337.6 Directors and Management 49.7 15% Warrants (2) 23.4 Non-Executive Officers, Directors & 15.6 5% Employee Stock Options Total Shares Fully Diluted 376.6 Market Capitalization (Basic) (3) Cd
Slide 5: Third Quarter 2010 Highlights
Third Quarter 2010 Highlights Record gold revenue of $40.2 million Record total gold production of 30,700 ounces Consolidated operating cash cost of $517 per ounce of gold, $131 per ounce improvement over the second quarter and below forecast Net earnings of $32 million ($0.10 per share)
Slide 6: Fourth Quarter 2010 Highlights
Fourth Quarter 2010 Highlights Record total gold production of approximately 37,000 ounces Recommenced exploration and pre-feasibility work on the Gramalote property in Colombia Reported positive exploration results on properties in Nicaragua and Uruguay Commenced a 10,000 metre exploration
Slide 7: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL (RADIUS JV) CALIBRE JV Nicaragua PAVON (RADIUS JV) LIMON MINE LA LIBERTAD Central America Managua Office MINE EXPLORATION - MINING CALIBRE JV RADIUS JV 0 100 200 South America kilometers 7
Slide 8: Mining in Nicaragua
Mining in Nicaragua Long mining history with a strong Mining Law Largest country in Central America One of the safest countries in Central America Modern infrastructure and easily accessible Democratic Republic since 1990. Government supportive of foreign investment Fair tax regime – 3%
Slide 9: La Libertad Mine
La Libertad Mine Open pit gold mine 2010 ramp up year producing 68,562 ounces of gold Record Q4 2010 gold production of approximately 27,000 ounces Projected to produce approximately 90,000 ounces of gold in 2011 at an operating cash cost of approximately $440 - $460/oz 2011 production bud
Slide 10: Limon Mine
Limon Mine Open pit and underground gold mine In continuous operations since 1941 – over 3.0 million ounces of production For 2010, Limon processed 342,627 tonnes of ore at an average grade of 4.18 g/t gold, 38% open pit and 62% underground 2010 gold production of 40,125 ounces 2010 was th
Slide 11: Corporate Production Profile
Corporate Production Profile Projected to produce approximately 135,000 ounces of gold in 2011 Projected 2011 average operating cash costs of approximately $540 - $560 per ounce Projected 2011 cash from operations of approximately $90 million (at $1,300 per ounce gold) 2010 year end cash bal
Slide 12: B2Gold Exploration Projects
B2Gold Exploration Projects 12
Slide 13: La Libertad Exploration Drill Targets
La Libertad Exploration Drill Targets El Carmen / Escandalo veins High grade / open Pit targets Jabali Central Zone Crimea Extension Soil Anomaly Crimea Pit Jabali Antenna Zone Mojon Pit Drilling recommencing at the end of January 2011 San Juan 19,000 metres of drilling planned utilizing 3 drill
Slide 14: Eastern Portion of Limon Concession
Eastern Portion of Limon Concession Historical Drilling Results 10,000 metres of drilling planned in 2011 utilizing 2 - 3 drill rigs Exploring surface and underground targets 14
Slide 15: Mining in Colombia
Mining in Colombia Colombia Regional Map Long history of gold production 80 million ounces of gold produced historically Excellent exploration potential Good infrastructure Modern mining law Fair tax regime – 4% NSR and 33% Net Profits Tax Stable government that encourages foreign inve
Slide 16: Gramalote Property
Gramalote Property 49% B2Gold – 51% AngloGold Ashanti Joint venture with AngloGold as manager of the project 39,400 ha property located 80km NE of Medellin Gramalote Excellent infrastructure and location NI 43-101 compliant inferred resource estimate for the Gramalote Ridge Zone of 74.4 Mt g
Slide 17: Gramalote Property
Gramalote Property 2011 Proposed Drilling and Exploration Targets 17
Slide 18: Radius Joint Venture (Trebol and Pavon)
Radius Joint Venture (Trebol and Pavon) B2Gold earning a 60% interest by expending $4 million over four years Approximately $1.5 million spent to date Trebol concessions Mines Pavon concession 18
Slide 19: Trebol Property
Trebol Property Trench Results Summary 22 km NE trending belt of epithermal hot springs style gold mineralization Mineralization traced through a combination of mapping, prospecting, trenching and soil geochemical sampling over a 2.2 km by 800 metres area in a series of north- northeast trending
Slide 20: Uruguay – Cebollati Project
Uruguay – Cebollati Project Location Map Minimal modern exploration Excellent exploration potential Good infrastructure Easy access Fair tax regime – 4% NPI, 25% corporate tax Stable government 20
Slide 21: Cebollati Property
Cebollati Property (Uruguay) B2Gold is earning an 80% interest in the property Exploration rights covering a belt of 50 km long by 10 to 15 km wide Consistent high-grade surface gold mineralization over a 1,800 x 550 m area Gold zone open in all directions under cover Recent B2Gold trenchi
Slide 22: Uruguay – Cebollati – 2010 Trench Highlights
Uruguay – Cebollati – 2010 Trench Highlights T.2.235N Windmill 27.5m @ 2.01 g/t Au Zone T.0.45E 77.6m @ 2.75 g/t Au T.1.55N 52.8m @ 2.54 g/t Au T.1.8N 60.5m @ 2.22 g/t Au Incl. 21.5m @ 4.35 g/t Au Southern Rock samples with Visible Gold T.1.6N Zone 837 Zone 42.2m @ 1.73 g/t Au T.1.4N T.0.837E 94.8m
Slide 23: B2Gold 2011 Exploration Budgets
B2Gold 2011 Exploration Budgets PROJECT BUDGET (2011) DRILLING (m) NICARAGUA LA LIBERTAD $4,576,047 19,000 EL LIMON $3,219,602 10,000 $7,795,649 29,000 RADIUS JV - NICARAGUA TREBOL $2,106,655 3,000 PAVON $268,366 1,000 $2,375,021 4,000 CALIBRE JV – NICARAGUA BOROSI * $750,057 TOTAL NICARAGUA $10,920
Slide 24: Next 12 Months
Next 12 Months Continue to optimize operations at La Libertad and Limon Mines Exploration and feasibility work to continue on the Gramalote property in Colombia Continue exploration on four Nicaraguan properties and one Uruguayan property Continue to evaluate acquisition opportunities Main
Slide 25: Contact Information
Contact Information B2Gold Corp. 3100 - 595 Burrard Street Vancouver, BC Canada, V7X 1J1 Phone: 604-681-8371 Toll Free: 1-800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Website: www.b2gold.com 25
Slide 26: Appendix
Appendix 26
Slide 27: B2Gold Management Team
B2Gold Management Team Clive T. Johnson (President, CEO & Director) Clive Johnson leads the strong management team of B2Gold. Mr. Johnson was involved with Vancouver based Bema Gold and its predecessor companies since 1977. When Bema Gold was created by the amalgamation of three Bema group compani
Slide 28: B2Gold Board of Directors
B2Gold Board of Directors Robert Cross (Chairman of the Board) Robert Cross has more than 20 years of experience as a financier in the Mining and Oil & Gas sectors. He has served as a director of numerous public and private companies. He was Non-Executive Chairman of Northern Orion Resources Inc.,
Slide 29: B2Gold Board of Directors cont.
B2Gold Board of Directors cont. Barry Rayment Dr. Barry Rayment is a mining geologist with 35 years experience in base and precious metal exploration and development. Dr. Rayment obtained his Ph.D. in Mining Geology at the Royal School of Mines, London. Formerly an exploration manager for Gold Fie
Slide 30: La Libertad Exploration Drill Targets
La Libertad Exploration Drill Targets El Carmen / Escandalo veins Mojon Pit – 9 DDH High grade / open Pit targets Jabali Central Zone – 14 DDH MJ10-001 - 2.1 g/t Au / 11.2m (Main) JB10-007 - 4.1 g/t Au / 13.3m MJ10-001 - 33.6 g/t Au / 6.0m (HW) JB10-008 - 4.34 g/t Au / 11.5m - Down Hole Interval (98
Slide 31: Bellavista Project
Bellavista Project (Costa Rica) 100% B2Gold Originally built as a heap leach gold mine B2Gold continues to pursue the potential reopening as an open pit and underground gold mine and mill B2Gold has contracted a conceptual study to provide a detailed project scope Was presented to the Cost
Slide 32: B2Gold Reserves & Resources
B2Gold Reserves & Resources As at December 31, 2009 MINERAL RESERVES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON (1) Proven 306,933 4.80 47,402 Probable 659,206 4.49 95,232 Total 966,139 4.59 142,634 LIBERTAD Probable 12,812,236 1.58 650,270 Total 12,812,236 1.58 650,270 Total Proven an
Slide 33: B2Gold Inferred Resources
B2Gold Inferred Resources As at December 31, 2009 INFERRED MINERAL RESOURCES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON Mine (1) 1,740,533 4.18 233,781 Santa Pancha Deep 1,110,488 4.70 167,748 Total 2,851,021 4.38 401,529 LIBERTAD Mine Mojon, Crimea, Santa Maria 844,732 1.95 53,061 Spe