B2Gold Corp. (BTG) announced its total consolidated gold production for fourth-quarter 2023 at 288,665 ounces, including 18,054 ounces of attributable production from Calibre Mining Corp. Notably, the fourth-quarter 2022 total consolidated gold production was 367,870 ounces.Consolidated gold revenues in fourth-quarter 2023 were $512 million, down 13.5% year over year. In the quarter, the company sold 256,921 ounces at an average realized gold price of $1,993 per ounce.The Fekola Mine produced 143,010 ounces ...

VANCOUVER, British Columbia, Jan. 23, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX:BTO, NYSE:BTG, NSX: B2G))) ("B2Gold" or the "Company") is pleased to announce its gold production and gold revenue for the fourth quarter and full year 2023, its gold production and cost guidance for 2024, preliminary 2025 production outlook, and a gold prepayment arrangement. All dollar figures are in United States dollars unless otherwise indicated. Canadian dollars are converted to United States dollars at an exchange rate o ...

B2Gold Corporation (NYSE:BTG) Q3 2023 Earnings Conference Call November 9, 2023 1:00 PM ET Company Participants Clive Johnson - President, CEO & Director Michael Cinnamond - SVP, Finance & CFO William Lytle - SVP & COO Conference Call Participants Ovais Habib - Scotiabank Anita Soni - CIBC Capital Markets Carey MacRury - Canaccord Genuity Don DeMarco - National Bank Financial Operator Thank you for standing by. This is the conference operator. Welcome to B2Gold Corporation's Third Quarter 2023 Earnings Resu ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|------------------|--------------------------------|-----------------------------------------------------|-------|----------------------------------------------------|-------|----------------------------------------------------| | | For months Sept. | the three ended 30, 2023 | For the three months ended Sept. 30, 2022 | | For the nine months ended Sept. 30, 2023 | | For t ...

| --- | --- | |-------------------------------------------------------------------------------------------------------------------------------|-----------| | | | | Common shares issued (216,451,555 common shares) | 925,375 | | Fair value of B2Gold replacement stock options | 5,075 | | Transaction costs | 6,672 | | | 937,122 | | The purchase price was allocated based on the estimated fair value of the assets acquired and liabilities assumed as follows: | $ | | | | | | | | Cash and cash equivalents | 38,083 | ...

Financial Data and Key Metrics Changes - The company reported a total revenue of 249,000 ounces sold, exceeding budget expectations by 4,000 ounces [63] - Average gold price for the quarter was over $1,900, significantly higher than the budgeted $1,700 [67] - Total cash costs were $600 per ounce, which was $85 lower than budget, while cash costs for three operating mines were $576 per ounce, $88 lower than budget [71] - All-in sustaining costs totaled $1,060, which was $146 lower than budget [75] - Net cash flow from operating activities was $203 million, or $0.19 per share [85] Business Line Data and Key Metrics Changes - Fekola produced 166,000 ounces, benefiting from higher-grade material from Phase 6, with a grade of 2.47 grams per tonne [64] - Masbate produced 38,000 ounces, slightly ahead of budget, but with a lower grade of 0.95 grams per tonne compared to the previous year [69] - Otjikoto produced 38,000 ounces, also slightly ahead of budget, with expectations of higher grades in the second half of the year [70] Market Data and Key Metrics Changes - The company has increased its exploration budget to $84 million for the year, with an additional $20 million focused on Black River [88] - The exploration budget for Mali is over $34.5 million, reflecting a significant increase in exploration activities [124] Company Strategy and Development Direction - The company is focused on maintaining a strong operational performance while exploring new opportunities, particularly in the Back River project and the Fekola Complex [61][66] - Plans for the Anaconda Phase 2 study have been pushed to Q4 2023 to incorporate exploration successes and potential changes in project scope [91][92] - The company aims to integrate the former Sabina team to leverage their expertise and maintain project timelines [98][100] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining project schedules and highlighted the importance of logistics in project execution [100][108] - The company is optimistic about the potential for underground resources at Fekola, although it cautioned that extending the overall life of the mine may be unlikely [51][52] - Management noted the positive reception from local communities and stakeholders regarding the acquisition of Sabina and the ongoing projects [119] Other Important Information - The company has successfully retained key personnel from Sabina, ensuring continuity in project execution [120] - The logistics for the winter road have been improved, with plans for an earlier opening in February next year [106] - The company is exploring the potential for wind power to reduce emissions and operational costs in northern Canada [132] Q&A Session All Questions and Answers Question: Can you provide an update on the Anaconda Phase 2 study? - The study has been pushed to Q4 2023 to incorporate exploration successes and potential changes in project scope [91][92] Question: What is the status of the underground project at Fekola? - The underground project is currently in the exploration phase, with permits expected soon to proceed with development [49][50] Question: How is the company addressing logistics challenges? - The company has improved logistics by increasing the number of trucks and planning for an earlier opening of the winter road [106][107]

The Fekola Mine in Mali (owned 80% by the Company and 20% by the State of Mali) achieved another strong year in 2022, producing 598,661 ounces of gold, at the top end of the annual guidance range of 570,000 to 600,000 ounces. For the year ended December 31, 2022, mill feed grade was 2.14 grams per tonne ("g/t"); mill throughput was 9.38 million tonnes (an annual record); and gold recovery averaged 92.9%. In the fourth quarter of 2022, the Fekola Mine in Mali produced a quarterly record of 244,014 ounces of ...

| --- | --- | --- | --- | --- | |---------------------------------------------|---------------------------|-----------------------------------------|---------------------------|-------------------------------------| | | As at \nLevel 1 $ | December 31, 2022 \nLevel 2 $ | As at \nLevel 1 $ | December 31, 2021 \nLevel 2 $ | | Long-term investments (Note 7) | 31,865 | — | 32,118 | — | | Fuel derivative contracts (Note 14) | — | 5,009 | — | 15,424 | Capital risk management Credit risk As at December 31, 2022, t ...

B2Gold Corp. (NYSE:BTG) Q3 2022 Earnings Conference Call November 2, 2022 1:00 PM ET Company Participants Clive Johnson - President & Chief Executive Officer Michael Cinnamond - Chief Financial Officer & Senior VP-Finance William Lytle - Senior Vice President, Operations Peter Montano - VP, Projects Brian Scott - VP, Geology & Technical Services Conference Call Participants Lawson Winder - Bank of America Anita Soni - CIBC Capital Markets Don DeMarco - National Bank Financial Operator Good day. My name is M ...

B2GOLD CORP. Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2022 (Unaudited) B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30 (Expressed in thousands of United States dollars, except per share amounts) (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|----------------------|----------------- ...