Slide 1: A Low-Cost International Senior Gold Producer
ACQUIRE | DISCOVER | FINANCE | BUILD | OPERATE A LOW-COST INTERNATIONAL SENIOR GOLD PRODUCER September 2022 TSX: BTO NYSE AMERICAN: BTG NSX: B2G
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 2 Production results and production guidance presented in this presentation reflect total production at the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March 30, 2022 (“2022 AIF”) for a discussion of our ownership interest in the m
Slide 3: Mine & Project Locations
MINE & PROJECT LOCATIONS 3 2 1 1. B2Gold (operator): 50%/AngloGold Ashanti Limited (“AngloGold”): 50% 2. Includes Anaconda area (comprised of the Menankoto Permit and Bantako North Permit)
Slide 4: Health & Safety Performance
4 HEALTH & SAFETY PERFORMANCE B2GOLD HISTORICAL LTIFR: Second quarter (“Q2”) 2022 HIGHLIGHTS (as of June 30, 2022): 0.45 0.41 Lost time injury frequency rate (“LTIFR”)1: 0.06 0.4 (0.06 in 2021) 0.35 0.3 Total recordable injury frequency rate (“TRIFR”): 0.31 0.26 (0.27 in 2021) 0.25 0.22 0.2 Severity
Slide 5: Occupational Health & Safety
OCCUPATIONAL HEALTH & SAFETY 5 LTIFR & TRIFR B2Gold: 2021 MSRT1 Comparison 2021 TRIFR 2.4 ICMM2 TRIFR LTIFR 2.2 2.11 Frequency calculation based on OSHA3 – 200 K hours x # of incidences / hours worked Avg 0.59 (2020) 2 MSRT Avg 1.79 0.78 1.8 1.69 (2021) 1.6 1.46 0.27 1.4 1.31 B2Gold (-54%) Consol. 1
Slide 6: Commitment to Sustainability
COMMITMENT TO SUSTAINABILITY 6 Standards & Initiatives Our policies and standards align with the ICMM Principles and the International Finance Corporation Performance Standards Our human rights management approach aligns with the UN Guiding Principles on Business and Human Rights, and we implement t
Slide 7: Keys to B2Gold's International Success
KEYS TO B2GOLD’S INTERNATIONAL SUCCESS 7 PROVEN TRACK RECORD B2GOLD’S GUIDING OF BEMA GOLD AND B2GOLD BUSINESS PRINCIPLES: MANAGING POLITICAL RISK FAIRNESS | RESPECT AND SUCCEEDING TRANSPARENCY | ACCOUNTABILITY IN COUNTRIES AROUND THE WORLD Always delivering on our promises Dedicated senior executiv
Slide 8: Strong & Profitable Production Profile
STRONG & PROFITABLE PRODUCTION PROFILE 8 Annual Gold Production Growth (oz) Fekola Mine, Mali La Libertad Mine, Nicaragua Attributable production from Calibre Mining Corp. (“Calibre”) Total consolidated all-in sustaining costs (“AISC”)1 /oz sold Otjikoto Mine, Namibia El Limon Mine, Nicaragua Masbat
Slide 9: Corporate Strategy 2022
CORPORATE STRATEGY 2022 9 Maintain the highest standards of responsible mining, government relationships, Health, Safety & Environment stewardship and Corporate Social Responsibility (“CSR”) programs Maximize profitable gold production from existing mines while increasing Mineral Reserves and Minera
Slide 10: 2022 Guidance
2022 GUIDANCE 10 Gold Production, Costs, Gold Revenue & Cash Flows from Operating Activities Gold production1,2: Gold revenue5: 990 Koz - 1,050 Koz approx. $1.76 B Cash operating costs3,4: Cash flows from operating $620 - $660 /oz activities5: approx. $575 M AISC 3,4: Expected to be $1,010 - $1,050
Slide 11: 2022 Mine-by-Mine Production & Cost Guidance
2022 MINE-BY-MINE PRODUCTION & COST GUIDANCE 11 Total consolidated: Namibia, Otjikoto Mine: OPEN PIT/UNDERGROUND Gold production1,2: 990 Koz - 1,050 Koz Gold production: 175 Koz - 185 Koz Cash operating costs3,4: $620 - $660 /oz Cash operating costs: $740 - $780 /oz AISC3,4: $1,010 - $1,050 /oz AISC
Slide 12: Q2 2022 Gold Production, Costs, Revenue & Cash Flows
Q2 2022 12 Gold Production, Costs, Gold Revenue & Cash Flows from Operating Activities Gold production: Q1 20221: Cash operating costs2,3: 208,365 oz FEKOLA: Q2 $781 /oz produced 123,066 oz FY $620 - $660 /oz (guidance) MASBATE: AISC2,3: 54,375 oz Q2 $1,111 /oz sold OTJIKOTO: FY $1,010 - $1,050 /oz
Slide 13: Strong Financial, Liquidity & Cash Position
STRONG FINANCIAL, LIQUIDITY & CASH POSITION 13 As of June 30, 2022, B2Gold had cash and cash equivalents of $587 M (December 31, 2021: $673 M) On December 16, 2021, B2Gold entered into a revised revolving credit facility agreement with its existing syndicate of banks. The maximum available for drawd
Slide 14: Fekola Complex (West Mali)
FEKOLA COMPLEX (WEST MALI) 14 Total license/permit area: 237 km2 Medinandi: • 75 km2 – exploitation license • Hosts Fekola deposit (including Fekola underground) and Cardinal zone Anaconda Menankoto: • 52 km2 – exploration permit Dandoko Bakalobi • Approx. 20 km north of Fekola • Hosts southern port
Slide 15: Fekola Complex Development
FEKOLA COMPLEX DEVELOPMENT 15 Fekola Mine: the annualized throughput rate is now expected to average 9.0 Mtpa for 2022 (and over the long term), based on an ore blend including fresh rock and weathered material (saprolite): • The mine plan includes up to approx. 50 Koz to be produced in 2022 from th
Slide 16: Fekola Mine Schematic Long Section: West-Facing
FEKOLA MINE SCHEMATIC LONG SECTION: WEST-FACING 16
Slide 17: Cardinal/FMZ
CARDINAL/FMZ 17 Exploration/Development Update After review of an Environmental and Social Impact Assessment by the Malian authorities, the existing Medinandi (Fekola) Permit has been updated to include the Cardinal zone Updated Mineral Resource estimate for the Cardinal zone1 includes an initial In
Slide 18: Cardinal Long Section Looking Northwest
CARDINAL LONG SECTION LOOKING NORTHWEST 18
Slide 19: Anaconda Area (i)
ANACONDA AREA1 (i) 19 Exploration/Development Update A new Menankoto Permit has been issued for an initial term of three years; Bantako North permit was recently renewed for another three-year term Ongoing drilling to infill and extend the saprolite resource area and to follow up on the sulphide min
Slide 20: Anaconda Area: The Mamba Zone
ANACONDA AREA: THE MAMBA ZONE1 20 Mamba Schematic Long Section: West-Facing Menankoto Permit Bantako North Permit Expansion of high-grade sulphide mineralization New holes BND_101 and BND_104 testing continuity of possible from recent drilling sulphide shoot between BND_060 (4.83 g/t Au over 12.1m)
Slide 21: Anaconda Area (ii)
ANACONDA AREA (ii) 21 Ongoing Exploration Highlights Expansion of Mamba sulphide Mineral Resource area Strong results from Mamba NE Geologically interesting results at King Brown, more work required Plan for H2 2022 Continue Mamba sulphide exploration drilling Determine controls and extent of King B
Slide 22: 2022 Exploration Budget
2022 EXPLORATION BUDGET1 22 Mali Grassroots Fekola Deeps, Fekola North, Cardinal/FMZ and Finland: $11 M is budgeted for 17,000 m of DD Anaconda area2: $35 M is budgeted for 161,000 for the Central Lapland JV with Aurion m of DD and RC drilling Resources Ltd. The JV ground lies immediately to the wes
Slide 23: Sustainability
23 SUSTAINABILITY
Slide 24: Sustainable Development
SUSTAINABLE DEVELOPMENT 24 The mining industry must play a key role in sustainable development B2Gold takes a unique approach to delivering positive impacts in environmental, social and governance aspects with its many stakeholders
Slide 25: Our Economic Contribution
25 OUR ECONOMIC CONTRIBUTION Our economic contribution is measured by the economic value that we generate for others, including employment wages, payments to governments through taxes and royalties, local procurement and the investments we make in the communities in which we operate 2021 ECONOMIC CO
Slide 26: Our Environment
OUR ENVIRONMENT 26 We are committed to conserving the quality of the natural environment in the areas in which we operate, in addition to collectively minimizing our impact
Slide 27: Our Environment
27 OUR ENVIRONMENT INDUSTRY BEST PRACTICES: Implementation of progressive rehabilitation measures across all operations to minimize costs and environmental liability Continued implementation of mangrove and coral reef rehabilitation efforts in the Philippines Tailings management practices and report
Slide 28: Our People
28 OUR PEOPLE As a responsible miner, we believe in preventing harm and protecting the health, safety, and well-being of our workers, contractors and the communities in which we operate B2Gold generates and provides opportunities for employees to develop, train and acquire new and transferable skill
Slide 29: Our People
OUR PEOPLE 29 2022 WORKFORCE (as of July 31, 2022): 5,204 employees globally (2021: 4,689) 97% local employment (2021: 97%)1 65.8% senior management2 roles filled by local employees (2021: 56%) EQUITY, DIVERSITY AND INCLUSION (as of July 31, 2022): 14% of workforce identify as female3 (2021: 13.7%)
Slide 30: Our Communities
OUR COMMUNITIES 30 We strongly believe that it is our responsibility to openly and respectfully engage with local stakeholders in order to leave a positive legacy with communities that will last beyond the life of our mines
Slide 31: Our Communities: Mali & Namibia
OUR COMMUNITIES 31 Mali & Namibia MALI: Updated 3-year Community Development Plan for 2022 to 2025 Ongoing livelihood activities to provide alternatives to artisanal and small-scale mining, including fish and poultry farming NAMIBIA: Ongoing funding of a secondary school environment and sustainable
Slide 32: Our Communities: The Philippines & Colombia
OUR COMMUNITIES 32 The Philippines & Colombia THE PHILIPPINES: Implementation of annual Social Development and Management Program for 41 communities Ongoing financial support to high school and college student scholars. Continuous support to a local training centre – improvement to facilities, staff
Slide 33: Appendix
33 APPENDIX
Slide 34: Responsible Mining
RESPONSIBLE MINING 34 Recent Awards AWARD FROM LOCATION 2021 Outstanding Labor Management Cooperation for Industrial Peace Masbate Gold Project (“MGP”), National Conciliation & Mediation Board Award The Philippines1 2021 Sustainability Award Prospectors & Developers Association of Canada Corporate 2
Slide 35: Grassroots Exploration: Ikkari Prospect, Finland
35 Rupert Resources’ Ikkari discovery 7km of prospective host structure on B2Gold-Aurion JV ground GRASSROOTS EXPLORATION: IKKARI PROSPECT: FINLAND
Slide 36: Grassroots Exploration: Kyzylkum Gold Province, Uzbekistan
Resources № Target Grade g/t Au (Moz) 36 1 Muruntau 150.0 2.50 2 Mutenbay 5.0 2.60 3 Chukurkuduk 4.6 2.70 4 Besapantau 1.4 2.00 5 Balpantau 2.3 0.99 6 Aristantau 1.2 1.44 7 Amantayutau 8.0 8.00 8 Daugystau 1.4 2.00 9 Adjibugut 4.5 1.50 10 Lalazor 2.5 6.50 Muruntau (150 Moz) Total without 30.9 Murunt
Slide 37: Probable Mineral Reserve Statement
PROBABLE MINERAL RESERVE STATEMENT 37 As of December 31, 2021 100% Project Basis Attributable Ownership Basis Mine or Contained Contained Country Ownership Gold Grade Gold Project Tonnes Gold Grade Gold Tonnes Percentage (g/t Au) Ounces (x 1,000) (g/t Au) Ounces (x 1,000) (%) (x 1,000) (x 1,000) Mal
Slide 38: Notes to Mineral Reserves
NOTES TO MINERAL RESERVES 38 1. Mineral Reserves have been classified using the CIM Standards. All tonnage, grade and contained metal content estimates have been rounded; rounding may result in apparent summation differences between tonnes, grade, and contained metal content. 2. Fekola Mine: Mineral
Slide 39: Indicated Mineral Resource Statement
INDICATED MINERAL RESOURCE STATEMENT1,2 39 As of December 31, 2021 100% Project Basis Attributable Ownership Basis Country Mine or Project Contained Gold Attributable Contained Gold Tonnes Gold Grade Tonnes Gold Grade Ounces Percentage Ounces (x 1,000) (g/t Au) (x 1,000) (g/t Au) (x 1,000) (%) (x 1,
Slide 40: Inferred Mineral Resource Statement
INFERRED MINERAL RESOURCE STATEMENT1 40 As of December 31, 2021 100% Project Basis Attributable Ownership Basis Country Mine or Project Contained Gold Attributable Contained Gold Tonnes Gold Grade Tonnes Gold Grade Ounces Percentage Ounces (x 1,000) (g/t Au) (x 1,000) (g/t Au) (x 1,000) (%) (x 1,000
Slide 41: Notes to Mineral Resources
NOTES TO MINERAL RESOURCES 41 1. Mineral Resources have been classified using the CIM Standards. Mineral Resources are reported inclusive of those Mineral Resources that have been modified to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viabilit
Slide 42: Contact Details
42 CONTACT DETAILS B2Gold Corp. Clive Johnson Suite 3400 President, CEO & Director 666 Burrard Street +1 604 681 8371 Vancouver, BC Canada, V6C 2X8 Randall Chatwin SVP, Legal & Corporate Communications Tel: +1 604 681 8371 +1 604 681 8371 Fax: +1 604 681 6209 Michael McDonald Email: investor@b2gold.