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B2Gold increases gold production in third quarter, raises its annual guidance

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(Kitco News) - B2Gold (TSX: BTO) (NYSE: BTG) announced Tuesday that its total gold production in Q3 2021 was 310,261 ounces (including 14,538 attributable ounces from Calibre), above budget by 7% and 18% higher than 263,813 ounces produced in Q3 2020.

The company said that consolidated gold production from the company's three operating mines was 295,723 ounces, above budget by 7% (20,083 ounces) with solid performances from all the company's three mines, with each mine exceeding its budgeted production for the third quarter.

Consolidated gold production also increased significantly by 50% (98,343 ounces) over the second quarter of 2021, the company added.

B2Gold noted that both the Fekola (Mali) and Otjikoto (Namibia) mines achieved record quarterly gold production in the third quarter of 2021. The company’s Masbate mine in the Philippines also continued its strong operational performance as grade and recovery both exceeded budget.

For full-year 2021, based on strong production performance in the first nine months of 2021, B2Gold said it has increased its total gold production guidance to between 1,015,000 - 1,055,000 ounces (including 50,000 – 60,000 attributable ounces projected from Calibre) compared to the original guidance of between 970,000 and 1,030,000 ounces.

For full-year 2021, the company's total consolidated cash operating costs are budgeted to be between $500 - $540 per ounce and total consolidated AISC to be between $870 - $910 per ounce.

B2Gold is an international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali, Colombia, Burkina Faso, Finland and Uzbekistan.

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