B2gold Corp. · TSX:BTO
B2gold — Denver Gold Forum Americas 2020
21 slides from B2gold's conference presentation, September 2020
Slide 1: A Low-Cost International Senior Gold Producer
ACQUIRE | DISCOVER | FINANCE | BUILD | OPERATE ACQUIRE | DISCOVER | FINANCE | BUILD | OPERATE A LOW-COST INTERNATIONAL SENIOR GOLD PRODUCER Denver Gold Forum Americas 2020 THE WORLD’S NEW SENIOR GOLD PRODUCER TSX: BTO NYSE AMERICAN: BTG NSX: B2G
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 2 Tom Garagan, Senior Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical information concerning B2Gold Corp. ("B2Gold") discussed in this presentation. All amounts in this presentation are express
Slide 3: Mine & Project Locations
MINE & PROJECT LOCATIONS 3 1 1. Includes Anaconda Area
Slide 4: Managing Political Risk and Succeeding
MANAGING POLITICAL RISK 4 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 5: Strong & Profitable Production Profile
STRONG & PROFITABLE PRODUCTION PROFILE 5 Annual Gold Production Growth (oz) Fekola Mine, Mali Attributable Production from Calibre Mining Corp. (“Calibre”) Otjikoto Mine, Namibia Consolidated all-in sustaining costs (“AISC”) /oz1 6 Masbate Mine, The Philippines 3 La Libertad Mine, Nicaragua El Limon
Slide 6: First Half ("FH") 2020 Consolidated Results
FIRST HALF (“FH”) 2020 CONSOLIDATED RESULTS 6 Gold Production, Costs & Cost Guidance GOLD PRODUCTION: First Quarter (“Q1”) 2020 1 - CASH OPERATING COSTS2,3: 264,862 oz (quarterly record) $415 - $383 $455 $394 $390 $390 (/OZ) (/OZ SOLD) (/OZ SOLD) (/OZ PRODUCED) (/OZ PRODUCED) FH 20201 2020 FH 2020 G
Slide 7: 2020 Consolidated Guidance
2020 CONSOLIDATED GUIDANCE 7 Projected Gold Production, Costs, Gold Revenue & Cash Flows from Operating Activities Gold production: Projected gold revenue2: 1,000 Koz - 1,055 Koz approx. $1.8 B Cash operating costs1: Projected cash flows from $415 - $455 /oz operating activities2: approx. > $900 M A
Slide 8: Strong Financial, Liquidity & Cash Position
STRONG FINANCIAL, LIQUIDITY & CASH POSITION 8 B2Gold is in a net cash position of Revolving Credit Facility (“RCF”): $600 M $157 M (June 30, 2020), with its cash and Additional accordion feature available: $200 M cash equivalents of $628 M exceeding debt balances of $471 M1 Debt reduction in 2020: B
Slide 9: Our Safety & COVID-19 Response
9 OUR SAFETY & COVID-19 RESPONSE 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. 2020 HIGHLIGHTS (as at July 31, 2020) • Best safety performance in company history with only
Slide 10: Responsible Mining
RESPONSIBLE MINING 10 Raising the Bar CEPA, the Philippines Otjikoto solar plant, Namibia New Fadougou village, Mali The Philippines THE PHILIPPINES: NAMIBIA: MALI: THE JANTZI INDEX: • Capsay Egg Producers Association • Development workshop • AFECK1 Project – ‘Skills for • Added to the Jantzi Social
Slide 11: Fekola Expansion
FEKOLA EXPANSION 11 2015 - 2020 • Original feasibility study • Mill construction and expansion • Completed preliminary study to • Expansion completed in early throughput completed. Additional capex expand Fekola mill from September 2020, approx. 1 • Fekola optimized feasibility approx. $18 M 6 Mtpa
Slide 12: Fekola Mine
FEKOLA MINE 12 Fekola Deposit: Schematic Long Section (West-Facing)1 1 1. The Mineral Reserve estimate excludes 894,878 oz of gold produced in 2018 and 2019
Slide 13: Exploration Update
EXPLORATION UPDATE 13 Cardinal Zone: Mali Approx. 33,000 m of combined reverse circulation and diamond drilling on the Cardinal and FMZ zones completed in 2020 New high-grade drill results now extend the gold mineralization at the Cardinal and FMZ zones to over 3.5 km along strike continuing to indi
Slide 14: Fekola Mine: Cardinal Schematic Long Section
FEKOLA MINE 14 Cardinal: Schematic Long Section (NW) 1
Slide 15: Exploration Update
EXPLORATION UPDATE 15 Anaconda Area: Mali An Inferred Mineral Resource estimate for the Anaconda area of 767,000 oz of gold at 1.1 g/t in near surface saprolite mineralization over 4.5 km and up to 500 m wide previously announced The exploration drilling on the Mamba zone focused on increasing the s
Slide 16: Fekola Mine: Mamba Schematic Long Section
FEKOLA MINE 16 Mamba: Schematic Long Section (West-Facing)
Slide 17: Gramalote PEA: Highlights
GRAMALOTE PEA: HIGHLIGHTS 17 B2Gold 50% (Operator) AngloGold Ashanti 50% Assuming an effective date of January 1, 2020, and a gold price of $1,350 /oz, Gramalote Ridge project economic highlights from the PEA include: • An open-pit gold mine with an initial LoM of 13.6 years • LoM pre-tax net cash f
Slide 18: 2020/2021 Corporate Strategy
2020/2021 CORPORATE STRATEGY 18 Maintain the highest standards of responsible mining, government relationships, Health, Safety and Environment stewardship and Corporate Social Responsibility programs Maximize profitable gold production from existing mines and continue increasing mineral reserves Mai
Slide 19: B2Gold: 10-Year Share Price Performance
B2GOLD: 10-YEAR SHARE PRICE PERFORMANCE 19 vs. TSX Global Gold Index & the Gold Price 360% BTO Gold Price 320% TSX Global Gold Index 280% +286% 240% 200% 160% 120% 80% +54% 40% 0% (22%) Credit: Canaccord Genuity (September 14, 2020) -40% Source: Bloomberg (September 15, 2010 – September 14, 2020) Al
Slide 20: B2Gold: Year-to-Date Share Price Performance
B2GOLD: YEAR-TO-DATE SHARE PRICE PERFORMANCE 20 vs. TSX Global Gold Index & the Gold Price 100% BTO Gold Price TSX Global Gold Index 80% +76% 60% +48% 40% +28% 20% 0% -20% Credit: Canaccord Genuity (September 14, 2020) Source: Bloomberg (January 2, 2020 –September 14, 2020) -40% All price performanc
Slide 21: Contact Details
21 CONTACT DETAILS B2Gold Corp. Clive Johnson Suite 3100, 595 Burrard Street President, CEO & Director P.O. Box 49143 +1 604 681 8371 Vancouver, BC Canada, V7X 1J1 Ian MacLean Vice President, Investor Relations Tel: +1 604 681 8371 +1 604 681 8371 Toll Free: +1 800 316 8855 Fax: +1 604 681 6209 Kati