B2Gold ups gold production, increases dividend
B2Gold (TSX:BTO) said today that its consolidated gold production was 239,574 ounces from the company's three operating mines, above budget by 3% and a significant increase of 15% (30,684 ounces) over the second quarter of 2019.
Higher precious metal prices resulted in quarterly consolidated gold revenue of $442 million, an increase of $175 million (65%) over the second quarter of 2019.
Total consolidated production guidance remains at between 1,000,000 and 1,055,000 ounces of gold; total consolidated cash operating costs are forecast to be between $415 and $455 per ounce and total consolidated AISC are forecast to be between $780 and $820 per ounce.
The company will increase its quarterly dividend to four cents per share.