B2gold Corp. · TSX:BTO
B2gold — Shareholder Meeting (June 2009)
31 slides from B2gold's shareholder meeting presentation, Jun 26, 2009
Slide 1: B2Gold Corp. Annual General Meeting
B2Gold Corp. Annual General Meeting June 26, 2009 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. B2Gold is a Vancouver based gold producer founded in 2007 by the former management team of Bema Gold Corporation Bema Gold was acquired by Kinross Gold Corporation, through a Cdn$3.5 billion transaction in February 2007 B2Gold completed a Cdn$100 million Initial Public Offer
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (% Basic) Total Shares Issued and Outstanding 243.4 Directors, Management, Employees (1) 56.7 23.3% AngloGold Ashanti 25.0 10.3% Kinross 12.7 5.2% Warrants (2) 41.5 Employee Stock Options 13.3 Total Shares Fully Diluted 298.1 Market Capitalizat
Slide 5: Achievements - Past 12 Months
Achievements - Past 12 Months Acquired additional property interests in Colombia from joint venture partner AngloGold Ashanti Completed over 30,000 metres of drilling on the Gramalote Property in Colombia Drilling results from 22,000 metres generated a NI 43-101 compliant resource estimate con
Slide 6: B2Gold and Central Sun Business Combination
B2Gold and Central Sun Business Combination B2Gold and Central Sun announced plan to combine the two companies on January 27, 2009. Transaction was completed in March 2009 Exchange ratio of 1.28 B2Gold shares for each Central Sun share Represented a purchase price of Cdn$0.65 per Central Sun s
Slide 7: B2Gold Project Locations
B2Gold Project Locations Northeastern Russian Projects @ Kupol East & West _/ /<@ Orosi Mine ; “ey @ La India - EW <Y - st ‘. Mestiza Project’): @ Gramalote @ Quebradona @Mocoa @ Production and Development Projects @ Exploration Projects
Slide 8: Nicaragua
Nicaragua > B2GOLD ;
Slide 9: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America Population 5.8 million (est. July 2008) Excellent modern infrastructure Easily accessible Democratic Republic since 1996 GDP estimated at US$16.83 billion in 2008 GDP growth rate estimated at 2% in 2008 GDP
Slide 10: Nicaragua Project Locations
Nicaragua Project Locations North America Nicaragua LIMON MINE MESTIZA PROJECT OROSI MINE Central America Managua Office South America 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 operation 2009 estimated production of 43,000 oz of gold at an approximate cash cost of US$530/oz Based on average of 1,000 tonnes per day at an
Slide 12: Limon Concession
Limon Concession Babilonia : 0768 (5.5m @ 6.3 g/t Au) i 2 0775 (4.2m @ 4.6 g/t Au) va 3 0779 (1.4m @ 17.7 g/t Au) ) ( H Open To . ) Bablidiia Vain iy —"s Limon North Vein Babilonia Pit Talavera Vein System |, 7 ae SG i ag © ig bio oe , | ey = a Limon South Pit me oe Veta ‘mead: ad Limon South Vein Z
Slide 13: Community Projects - Limon
Community Projects - Limon Agua por Vida – includes new pumps, replacement of 10 km distribution line, and distribution in the town of Limon. This project was completed in 2009 (from 2008 budget of $250,000) Transferred the titles for 88 homes to the workers of Limon. Plan to transfer the remain
Slide 14: Orosi Mine
Orosi Mine CURRENT STATUS Continuing installation of the mill, converting from heap leach operations to conventional milling Recoveries increase to 90% from 38% Feasibility Study completed Q1, 2008 US$17 million capital budget remaining – fully funded 5,000 tonnes per day mill purchased
Slide 15: Orosi Mine – Geomembrane/Liner
Orosi Mine – Geomembrane/Liner 15 15
Slide 16: Process Plant Tanks
Process Plant Tanks > B2GOLD
Slide 17: OROSI – SAG Mill Installation
OROSI – SAG Mill Installation 17 17
Slide 18: Primary Crusher
Primary Crusher > B2GOLD 18
Slide 19: Orosi – Potential Exploration Targets
Orosi – Potential Exploration Targets Defined by Historical Drilling 20
Slide 20: Orosi – B2Gold Regional Mapping and Sampling Results
Orosi – B2Gold Regional Mapping and Sampling Results 21
Slide 21: Community Projects - Orosi
Community Projects - Orosi Agua por Vida – new 112,000 gal. storage tank, replacement of asbestos delivery system, distribution to 456 homes, flow meters. This project was completed in 2009 (from 2008 budget of $150,000) Power Line ($7.2M) to be handed over to the Government of Nicaragua at the
Slide 22: Bellavista Project
Bellavista Project CURRENT STATUS In care and maintenance Proven and probable reserves of 314,000 ounces, measured and Indicated resources of 421,000 ounces. 7 year mine life from existing reserves Average grade of 1.5 g/t gold with a low strip ratio of 1.3 to 1 Implementation of Bellavista
Slide 23: Colombia
Colombia BeGOL_LD 24
Slide 24: Mining in Colombia
Mining in Colombia A unique opportunity Long history of gold production 80 million ounces of gold produced historically Minimal modern exploration Excellent exploration potential Good infrastructure Improved security Modern mining law GDP estimated at US$400 billion in 2008 GDP g
Slide 25: Colombia Regional Map
Colombia Regional Map Project Locations and Area of JV Interest Area of JV Interest B2Gold Projects AGA Projects Greystar Resources AGA-Mineros Segovia JV 26
Slide 26: Gramalote Property
Gramalote Property Joint venture with AngloGold Ashanti (51% B2Gold - 49% AngloGold Ashanti) with B2Gold as operator and Gramalote required to fund to feasibility to earn its 51% B2Gold completed a 30,189 m (90 holes) diamond drill program in 2008 B2Gold announced a NI 43-101 compliant inferre
Slide 27: Kupol East and West Joint Venture
Kupol East and West Joint Venture Kupol East and West surrounds the Kupol mine in Northeastern Russia Bema was developing the Kupol mine at the time of the Kinross transaction B2Gold has the right to earn 37.5% interest from Kinross Resulting interest – Kinross 37.5%, B2Gold Principal Target
Slide 28: 2010 Price to Cashflow Comparables
2010 Price to Cashflow Comparables P/CF (1) Company Share Price Market Cap 2010E New Gold $3.11 $958 10.5x Jaguar $8.09 $556 8.1x Minefinders $8.78 $457 7.8x Aurizon $4.56 $636 8.9x Alamos $9.27 $877 12.8x Allied Nevada $8.25 $474 13.9x Lake Shore $2.40 $450 8.8x Capital Gold $0.62 $120 5.2x Sector
Slide 29: Next 12 Months
Next 12 Months Complete Orosi development and recommence production in late 2009 Evaluate the potential of permitting and recommencing production at Bellavista Accelerate exploration on Nicaraguan properties Complete internal scoping study on the Gramalote Ridge Zone Continue exploration p
Slide 30: B2Gold Growth Strategy
B2Gold Growth Strategy Unique Opportunity Today Financial meltdown Strong gold prices Acquisition Opportunities Accretive production Development projects Exploration opportunities Our Advantages Proven team Industry credibility Financing track record Undervalued share price Lever
Slide 31: 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 32