B2gold Corp. · TSX:BTO
B2gold — Investor Presentation (October 2010)
32 slides from B2gold's investor presentation, October 2010
Slide 1: B2Gold Presentation October 2010
B2Gold Presentation October 2010 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 Significant accomplishments at Bema include: Built the company from inception in 1988 to a Cdn$3.5 billion takeover by Kinross Responsib
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 315.4 - Directors and Management 50.7 16% - AngloGold Ashanti 31.6 10% Warrants (2) 47.2 Non-Executive Officers, Directors & Employee 14.3 4.5% Stock Options Total Shares Fully Diluted 376.9 Mar
Slide 5: B2Gold Project Locations
B2Gold Project Locations & ae La Libertad Mine . 3—— , | ey / /& *% Limon Mine C yf . y rz ® Radius JV — © Calibre JV i >] \ he 7% Costa Rican Project = r a, x pe fs f - - / ; © Bellavista Mine Colombian Projects 7 @ Gramalote Ty © _/ @Quebradona / € @ Mocoa 7 @/ Uruguayan Project 4 a y A us “4 @ Ce
Slide 6: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL CALIBRE JV Nicaragua NATIVIDAD (PAVON) LIMON MINE MESTIZA PROJECT LA LIBERTAD Central America Managua Office MINE EXPLORATION - MINING EXPLORATION CALIBRE JV RADIUS JV 0 100 200 South America kilometers 6
Slide 7: 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 8: La Libertad Mine
La Libertad Mine Built as an open pit heap leach mine in 1997. Shut down in 2007 due to poor recoveries B2Gold invested approximately US$70 million of capital to convert the mine to conventional milling with carbon in leach recovery process Production commenced in January 2010 Economic compl
Slide 9: La Libertad Mine
La Libertad Mine Currently mining the Mojon and Crimea pits Excellent potential to extend the mine life by converting resources to reserves and make additional discoveries with the potential to process higher grade ore Good relationship between the company and the labour union No project deb
Slide 10: Mina La Libertad Inauguration – May 2010
Mina La Libertad Inauguration – May 2010 10
Slide 11: Limon Mine
Limon Mine CURRENT OPERATIONS In continuous operations since 1941 – over 3.0 million ounces of production Underground and open pit mechanized mine An average of 1,000 tonnes of ore processed per day at an average grade of 4.78 g/t gold 70% underground and 30% open pit Projected to produce
Slide 12: Community Projects – Nicaragua
Community Projects – Nicaragua B2Gold will spend approximately US$1.3 million in 2010 (2009 – US$1.3 million) on community projects Positively impacted people’s lives through education and community involvement Significant Community Projects Agua por Vida (Water for Life) Power line at La
Slide 13: Corporate Production Profile
Corporate Production Profile Average annual projected production 120,000 – 130,000 ounces of gold Average annual cash cost of approximately US$550 per ounce Cash from operations of approximately US$50 million in 2011 at US$1,000 gold Cash from operations of approximately US$72 million in 201
Slide 14: La Libertad Exploration Drill Targets
La Libertad Exploration Drill Targets El Carmen / Escandalo veins High grade / open Pit targets Jabali Central Zone – 14 DDH Mojon Pit – 9 DDH JB10-007 - 4.1 g/t Au / 13.3m MJ10-001 - 2.1 g/t Au / 11.2m (Main) JB10-008 - 4.34 g/t Au / 11.5m MJ10-001 - 33.6 g/t Au / 6.0m (HW) JB10-010 - 3.52 g/t Au /
Slide 15: Eastern Portion of Limon Concession
Eastern Portion of Limon Concession Historical Drilling Results 15
Slide 16: 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 Area of JV Interest enc
Slide 17: 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 in Gramalote Antioquia department NI 43-101 compliant inferred resource estimate for the Gramalote Ridge Zone of 74.4 Mt grading 1.0 g/t g
Slide 18: Gramalote Property: 2010 Proposed Drilling Locations
Gramalote Property 2010 Proposed Drilling Locations 18
Slide 19: Bellavista Project
Bellavista Project (Costa Rica) 100% B2Gold Built as heap leach gold mine in 2005 Shut down on July 25, 2007 due to cracking in several areas on site Rinsing of heap began immediately and landslide occurred on October 21, 2007 A mitigation plan ongoing since December 2008 P&P reserves of
Slide 20: Radius Joint Venture (Trebol and Pavon)
Radius Joint Venture (Trebol and Pavon) Trebol concessions Mines Pavon concession 20
Slide 21: Trebol Regional Anomalies
Trebol Regional Anomalies 22 km long NE trending belt of epithermal hot Santa Marta springs style gold mineralization Trebol: 6km long rock chip and soil anomaly; only partially tested. Hand trenching continues. Expecting to release trench results later this year. Exploration drilling is scheduled
Slide 22: Trebol Recent Trenching Highlights
Trebol Recent Trenching Highlights (As Released by Radius Gold) Trenching conducted by B2Gold have yielded continuously mineralized intervals nearly 100 metres in length averaging around 1 g/t gold Identified a mineralized zone with potential to outline a shallow oxide gold resource that may be
Slide 23: 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 23
Slide 24: Cebollati Property
Cebollati Property (Uruguay) Exploration rights covering a belt of 45km long by 10 to 15km wide B2Gold to earn 80% interest by paying US$1M over two years, carrying funding through feasibility and paying a 1% NSR royalty from production Exciting early-stage gold discovery in geologically favou
Slide 25: B2Gold 2010 Exploration Budgets
B2Gold 2010 Exploration Budgets PROJECT BUDGET Santa Pancha NICARAGUA LA LIBERTAD $4,600,000 (16,500 m) EL LIMON $2,538,484 $1,280,817 (7,000 m) (7,800 m) LA INDIA $202,800 $5,848,308 $1,280,817 RADIUS JV - NICARAGUA TREBOL $1,813,833 (3,000 m) PAVON $231,355 $2,045,188 CALIBRE OPTION - NICARAGUA BO
Slide 26: 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 Evaluate the potential of amending permit and recommencing production at Bellavista Continue exploration on four Nicaraguan propert
Slide 27: 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 27
Slide 28: 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 29: 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 30: 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 31: B2Gold Reserves & Resources
B2Gold Reserves & Resources 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 and Probable Mineral Reser
Slide 32: B2Gold Inferred Resources
B2Gold Inferred Resources 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 Spent Ore 3,053,083 0.70 68