Make Kitco Your Homepage

B2Gold ups gold production, increases dividend

Kitco News

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.