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B2Gold reports Q1 2021 production was 9% above budget

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(Kitco News) - B2Gold (TSX: BTO) (NYSE AMERICAN: BTG) reported Tuesday that its total gold production of 220,644 ounces in Q1 2021 (including 15,001 ounces of attributable production from Calibre Mining) was 9% (18,542 ounces) above budget, and consolidated gold production of 205,643 ounces from the company's three operating mine was 9% (17,291 ounces) above budget.

The company’s total consolidated cash operating costs of $609 per ounce produced were well-below budget by $54 per ounce produced (8%), and total consolidated all-in sustaining costs of $932 per ounce sold were significantly below budget by $146 per ounce sold (14%) (including estimated attributable results for Calibre).

Net income attributable to the shareholders of the company was $92 million ($0.09 per share) and adjusted net income attributable to the shareholders of the company was $97 million ($0.09 per share).

For full-year 2021, B2Gold said it remains well positioned for continued strong operational and financial performance with total gold production guidance of between 970,000 - 1,030,000 ounces (including 50,000 – 60,000 attributable ounces projected from Calibre) with total consolidated forecast cash operating costs of between $500 - $540 per ounce and total consolidated AISC of between $870 - $910 per ounce.

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