Slide 1: A Low-Cost International Senior Gold Producer
ACQUIRE | DISCOVER | FINANCE | BUILD | OPERATE A LOW-COST INTERNATIONAL SENIOR GOLD PRODUCER June 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 First quarter (“Q1”) 2022 HIGHLIGHTS (as of March 31, 2022): B2GOLD HISTORICAL LTIFR: 0.45 Lost time injury frequency rate (“LTIFR”)1: 0.08 0.41 0.4 (0.05 in 2021) 0.35 0.3 Total recordable injury frequency rate (“TRIFR”): 0.21 (0.27 in 2021) 0.25 0.26 0.22 0.2 Severity
Slide 5: Occupational Health & Safety
OCCUPATIONAL HEALTH & SAFETY 5 LTIFR & TRIFR B2Gold: 2021 MSRT1 Comparison 2021 2.4 TRIFR TRIFR LTIFR 2.2 2.11 Frequency calculation based on OSHA3 – 200 K hours x # of incidences / hours worked ICMM2 Avg (2020) 0.59 2 1.79 1.8 MSRT Avg 1.69 0.78 (2021) 1.6 1.46 1.4 1.31 0.27 B2Gold (-54%) 1.2 Conso
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 B2Gold is committed and Human Rights
Slide 7: Managing Political Risk and Succeeding
MANAGING POLITICAL RISK 7 B2Gold’s Competitive Advantage/Keys to Success PROVEN TRACK RECORD B2GOLD’S GUIDING OF BEMA GOLD AND B2GOLD BUSINESS PRINCIPLES: MANAGING POLITICAL RISK FAIRNESS | RESPECT TRANSPARENCY | ACCOUNTABILITY AND SUCCEEDING IN COUNTRIES AROUND THE WORLD Always delivering on our pr
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. $625 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 Namibia, Otjikoto Mine: Total consolidated: 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: Q1 2022 Gold Production, Costs, Revenue & Cash Flows
Q1 2022 12 Gold Production, Costs, Gold Revenue & Cash Flows from Operating Activities Gold production: Q1 20221: Cash operating costs2,3: 209,365 oz Q1 $699 /oz produced FY $620 - $660 /oz (guidance) AISC2,3: Q1 $1,036 /oz sold FEKOLA: FY $1,010 - $1,050 /oz (guidance) 101,648 oz Gold revenue: MASB
Slide 13: Strong Financial, Liquidity & Cash Position
STRONG FINANCIAL, LIQUIDITY & CASH POSITION 13 As of March 31, 2022, B2Gold had cash and cash equivalents of $649 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 draw
Slide 14: 2022 Development
2022 DEVELOPMENT 14 Fekola Mine: the annualized throughput rate is now expected to average 9.0 million tonnes per annum for 2022 (and over the long term), based on an ore blend including fresh rock and weathered material (saprolite): • The mine plan includes approx. 50 Koz to be produced from the Ca
Slide 15: Gramalote Project: Updated Feasibility Work
GRAMALOTE PROJECT: UPDATED FEASIBILITY WORK 15 B2Gold (operator): 50%/AngloGold: 50% Following a review of the Gramalote Feasibility Study work to date1, B2Gold believes that there is strong potential to improve the economics of the project which could be developed by revisiting the original project
Slide 16: West Mali Permits
WEST MALI PERMITS 16 Total license/permit area: 237 km2 Medinandi: • 75 km2 – exploitation license • Hosts Fekola deposit and Cardinal zone Menankoto: • 52 km2 – exploration permit • Approx. 20 km north of Fekola • Hosts southern portion of the Anaconda area Bantako North: • 10 km2 – exploration per
Slide 17: Fekola Mine Schematic Long Section: West-Facing
FEKOLA MINE SCHEMATIC LONG SECTION: WEST-FACING 17
Slide 18: Cardinal/FMZ
CARDINAL/FMZ 18 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 19: Cardinal Long Section Looking Northwest
CARDINAL LONG SECTION LOOKING NORTHWEST 19
Slide 20: Anaconda Area (i)
ANACONDA AREA1 (i) 20 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 Updated and significantly increased Mineral Resource estimate2 includes an initial Indicated Mineral R
Slide 21: Anaconda Area (ii)
ANACONDA AREA (ii) 21 Exploration/Development Update Drilling in 2021 was focused on the Bantako North Permit area Selected recent significant intersections are highlighted on the map (left) Area circled (red) shows potential to extend known resources to the north of Mamba
Slide 22: Anaconda Area: The Mamba Zone
ANACONDA AREA: THE MAMBA ZONE1 22 Mamba Schematic Long Section: West-Facing Menankoto Permit Bantako North Permit High-grade intercepts at the Mamba zone demonstrates strong continuity between saprolite and sulphide mineralization over a strike length of over (or exceeding) 2 km 1. The Mamba zone is
Slide 23: Grassroots Exploration: Kyzylkum
Resources № Target Grade g/t Au (Moz) 23 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 24: Grassroots Exploration: Ikkari
24 Rupert Resources’ Ikkari discovery 7km of prospective host structure on B2Gold-Aurion JV ground GRASSROOTS EXPLORATION: IKKARI PROSPECT: FINLAND
Slide 25: 2022 Exploration Budget
2022 EXPLORATION BUDGET1 25 Mali Grassroots Fekola Deeps, Fekola North, Cardinal/FMZ Finland: $8 M is budgeted for 11,600 m of DD and Anaconda area2: $27 M is budgeted for for the Central Lapland JV with Aurion 112,500 m of DD and RC drilling Resources Ltd. The JV ground lies immediately to the west
Slide 26: Sustainability
26 SUSTAINABILITY
Slide 27: Sustainable Development
SUSTAINABLE DEVELOPMENT 27 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 28: Our Economic Contribution
28 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 29: Our Environment
OUR ENVIRONMENT 29 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 30: Our Environment
30 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 31: Our People
31 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 32: Our People
32 OUR PEOPLE 2022 WORKFORCE EQUITY, DIVERSITY AND INCLUSION (as of March 31, 2022): (as of March 31, 2022): 5,027 employees globally 14.1% of workforce identify as female3 (2021: 4,689) (2021: 13.7%) 97% local employment 25% of senior positions are occupied (2021: 97%)1 by women 52% senior manageme
Slide 33: Our Communities
OUR COMMUNITIES 33 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 34: Our Communities: Mali & Namibia
OUR COMMUNITIES 34 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 35: Our Communities: The Philippines & Colombia
OUR COMMUNITIES 35 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 36: Appendix
36 APPENDIX
Slide 37: Responsible Mining: Recent Awards
RESPONSIBLE MINING 37 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 38: Grassroots Exploration: Tien Shan
38 38 Kazakhstan Tadybulak Talas (6.5 Moz) Jerooy (5.6 Moz) Chaarat (9 Moz) Muruntau (150 Moz) Amantaytau (8 Moz) Kyzul-Almasai (8.6 Moz) Kyrgyzstan Bayankol (5.1 Moz) Adjibugut (4.5 Moz) Uzbekistan Kumtor (10.5 Moz) Turkmenistan Zarmitan (10 Moz) Tajikistan GRASSROOTS Kangqiao (6.7 Moz) China EXPLO
Slide 39: Probable Mineral Reserve Statement
PROBABLE MINERAL RESERVE STATEMENT 39 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 40: Notes to Mineral Reserves
NOTES TO MINERAL RESERVES 40 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 41: Indicated Mineral Resource Statement
INDICATED MINERAL RESOURCE STATEMENT1,2 41 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 42: Inferred Mineral Resource Statement
INFERRED MINERAL RESOURCE STATEMENT1 42 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 43: Notes to Mineral Resources
NOTES TO MINERAL RESOURCES 43 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 44: Contact Details
44 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 Katie Bromley Email: investor@b2gold.com