Slide 1: B2Gold Corp. Presentation April 2011
B2Gold Corp. Presentation April 2011 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 Two producing gold mines in Nicaragua – La Libertad and Limon Projected to produce approximately 135,000 ounces of gold in 2011 Growing
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 338.6 Directors and Management 49.6 15% Warrants (2) 23.4 Non-Executive Officers, Directors & 15.7 5% Employee Stock Options Total Shares Fully Diluted 377.7 Market Capitalization (Basic) (3) Cd
Slide 5: 2010 Financial Highlights
2010 Financial Highlights 2010 Fourth Quarter Record gold revenue of $47 million Record total gold production of 36,824 ounces Consolidated operating cash cost of $535 per ounce of gold Cash flow from operations of $21.9 million ($0.07 per share) 2010 Twelve Months Record gold revenue of $
Slide 6: Corporate Production Profile
Corporate Production Profile Projected to produce approximately 135,000 ounces of gold in 2011 Projected 2011 average operating cash costs of approximately $540 - $560 per ounce Projected 2011 cash flow from mining operations of approximately $90 million (at $1,300 per ounce gold) Strong ope
Slide 7: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL (RADIUS JV) CALIBRE JV Nicaragua PAVON (RADIUS JV) LIMON MINE LA LIBERTAD Central America Managua Office MINE EXPLORATION - MINING CALIBRE JV RADIUS JV 0 100 200 South America kilometres 7
Slide 8: 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 9: La Libertad Mine
La Libertad Mine Open pit gold mine Projected to produce approximately 90,000 ounces of gold in 2011 at an operating cash cost of approximately $440 - $460/oz 2011 production budgeted at 5,500 tonnes of ore per day, average grade of 1.60 g/t, estimated recovery 87% Minimum 7 year mine life
Slide 10: La Libertad Exploration Update
La Libertad Exploration Update 2010 La Libertad property exploration drilling program for 2010 totaled 124 holes for approximately 19,000 metres (December 14, 2010) New discovery at Jabali on La Libertad property 2010 drill program completed consisting of 55 holes totaling approximately 9,700
Slide 11: La Libertad Exploration Drill Targets
La Libertad Exploration Drill Targets El Carmen / Escandalo veins Mojon Pit – 9 DDH High grade / open Pit targets MJ10-001 - 2.1 g/t Au / 11.2m (Main) Jabali Central Zone – Inferred Resource MJ10-001 - 33.6 g/t Au / 6.0m (HW) 1.59 Mt @ 3.24 g/t Au for 166 K oz Au - Down Hole Interval (98 – 108m) MJ1
Slide 12: Limon Mine
Limon Mine Open pit and underground gold mine 2010 was the most successful production year in the past six years 1,000 tonne per day mill – processed approximately 343,000 tonnes of ore at an average grade of 4.18 g/t gold, producing 40,126 ounces In 2011, projected to produce approximately
Slide 13: Limon Concession
Limon Concession Drilling recommenced at the end of January 2011 10,000 metres of drilling planned in 2011 utilizing 2 - 3 drill rigs Exploring surface and underground targets 13
Slide 14: Exploration and Development Projects
Exploration and Development Projects 14
Slide 15: Mining in Colombia
Mining in Colombia Colombia Regional Map Long history of gold production Excellent exploration potential Good infrastructure Modern mining law Fair tax regime – 4% NSR and 33% Net Profits Tax Stable government that encourages foreign investment Joint ventures with AngloGold Ashanti Ang
Slide 16: Gramalote Property
Gramalote Property 49% B2Gold – 51% AngloGold Ashanti Joint venture with AngloGold as manager of the project Excellent infrastructure and location Gramalote NI 43-101 compliant inferred resource estimate for the Gramalote Ridge Zone of 74.4 Mt grading 1.0 g/t gold for a total of 2.39 million o
Slide 17: Gramalote Property
Gramalote Property 2011 / 2012 Proposed Drilling and Exploration Targets 17
Slide 18: Radius Joint Venture (Trebol and Pavon)
Radius Joint Venture (Trebol and Pavon) B2Gold earning a 60% interest by expending $4 million over four years Amount spent to December 31, 2010 of $1.6 million 2011 Budget is approximately $2.4 million Trebol concessions Mines Pavon concession 18
Slide 19: Trebol Property
Trebol Property Trench Results Summary 22 km NE trending belt of epithermal hot springs style gold mineralization Mineralization traced through a combination of mapping, prospecting, trenching and soil geochemical sampling over a 2.2 km by 800 metres area in a series of north- northeast trending
Slide 20: 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 20
Slide 21: Cebollati Property
Cebollati Property (Uruguay) B2Gold is earning an 80% interest in the property Exploration rights covering a belt of 50 km long by 10 to 15 km wide Consistent high-grade surface gold mineralization over a 1,800 x 550 m area Gold zone open in all directions under cover Recent B2Gold trenchi
Slide 22: Uruguay – Cebollati – 2010 Trench Highlights
Uruguay – Cebollati – 2010 Trench Highlights T.2.235N Windmill 27.5m @ 2.01 g/t Au Zone T.0.45E 77.6m @ 2.75 g/t Au T.1.55N 52.8m @ 2.54 g/t Au T.1.8N 60.5m @ 2.22 g/t Au Incl. 21.5m @ 4.35 g/t Au Southern Rock samples with Visible Gold T.1.6N Zone 837 Zone 42.2m @ 1.73 g/t Au T.1.4N T.0.837E 94.8m
Slide 23: B2Gold 2011 Exploration Budgets
B2Gold 2011 Exploration Budgets PROJECT BUDGET (2011) DRILLING (m) NICARAGUA LA LIBERTAD $8,750,320 40,000 EL LIMON $3,219,602 10,000 $11,969,922 50,000 RADIUS JV - NICARAGUA TREBOL $2,106,655 3,000 PAVON $268,366 1,000 $2,375,021 4,000 CALIBRE JV – NICARAGUA BOROSI * $750,057 TOTAL NICARAGUA $15,09
Slide 24: Next 12 Months
Next 12 Months Continue to optimize operations at La Libertad and Limon Mines Further exploration and infill drilling at the new Jabali resource Exploration and prefeasibility work to continue on the Gramalote property in Colombia Continue exploration around the existing mines and on the Tre
Slide 25: 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 25
Slide 26: Appendix
Appendix 26
Slide 27: 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 28: B2Gold Management Team
B2Gold Management Team George Johnson (Senior VP, Operations) George Johnson has the responsibility for overseeing all development and producing properties including both the Limon and La Libertad mines in Nicaragua. He has over 35 years of experience in underground and open pit mine construction
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: Bellavista Project
Bellavista Project (Costa Rica) 100% B2Gold Originally built as a heap leach gold mine B2Gold continues to pursue the potential reopening as an open pit and underground gold mine and mill B2Gold has contracted a conceptual study to provide a detailed project scope Was presented to the Cost
Slide 32: B2Gold Reserves & Resources
B2Gold Reserves & Resources As at December 31, 2010 MINERAL RESERVES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LA LIBERTAD Proven & Probable 13,189,498 1.51 642,293 LIMON (1) Proven & Probable 1,949,692 4.48 280,893 Total Proven and Probable Mineral Reserves 15,139,190 923,276 MEASURED AND
Slide 33: B2Gold Inferred Resources
B2Gold Inferred Resources As at December 31, 2010 INFERRED MINERAL RESOURCES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LA LIBERTAD Mine Inferred 7,365,245 2.89 683,277 LIMON Mine (1) Inferred 942,428 5.01 151,732 GRAMALOTE (2) Inferred 36,443,750 1.00 1,169,630 Total Inferred Resources 44,7