VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) will release its fourth quarter and full year 2023 financial results after the North American markets close on Wednesday, February 21, 2024. B2Gold executives will host a conference call to discuss the results on Thursday, February 22, 2024, at 8:00 am PT / 11:00 am ET. Participants may register for the conference call here: registration link. Upon registering, par ...

VANCOUVER, British Columbia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX:BTO, NYSE:BTG, NSX: B2G))) ("B2Gold" or the "Company") is pleased to announce positive exploration drilling results from the Antelope deposit at the Otjikoto Mine ("Otjikoto") in Namibia. The Antelope deposit, comprised of the Springbok Zone, the Oryx Zone, and a possible third structure, Impala, subject to further confirmatory drilling, is located approximately three kilometers ("km") south of the Otjikoto Phase 5 open pit. Th ...

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jasonbennee Just over two months ago I wrote on B2Gold (NYSE:BTG), noting that the stock looked attractively valued ahead of its year-end results with one of the highest free cash flow yields sector-wide. This turned out to be a terrible call with the down over 10% since this update, and it's a brutal Q1 for the sector with persistent selling pressure in what's typically the best month of the year. Unfortunately, B2Gold has underperformed its peer group despite once again beating its annual guidance, but ...

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 ...

Financial Data and Key Metrics Changes - The company reported revenues of $478 million from the sale of 249,000 ounces at an average price of $1,920 per ounce, which was slightly ahead of budget by approximately 16,000 ounces [76] - Total cash operating costs were $741 per ounce produced, which was about $50 lower than budget [5] - The net income attributable to shareholders was reported as a loss of $43 million or $0.03 per share, but adjusted income was $65 million with an adjusted EPS of $0.05 per share [14] Business Line Data and Key Metrics Changes - Total gold production from the three operating mines was 225,000 ounces, which was 8,000 ounces less than budget, primarily due to lower production at Fekola [10] - Fekola's production was impacted by significant precipitation, resulting in a lower mill feed grade and a production shortfall of about 13,000 ounces [10] - Otjikoto and Masbate mines performed better than budget, with Otjikoto producing 45,000 ounces and Masbate exceeding expectations due to lower fuel costs [82] Market Data and Key Metrics Changes - The company noted a commitment from the Malian government to support gold mining investments, which is expected to positively impact operations [8] - The new mining code in Mali is anticipated to influence future operations and expansion plans, with ongoing discussions with the government [74] Company Strategy and Development Direction - The company is focused on optimizing gold production from existing mines while exploring new opportunities, including the Goose project, which is on track for first gold production in Q1 2025 [79] - There is a strategic emphasis on brownfield exploration and potential M&A activities, particularly in the Philippines and Colombia [31][81] - The company plans to analyze the Gramalote project for a potentially lower capital intensity operation that could yield higher returns [13][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production guidance for 2023, despite challenges faced in Q3 [7] - The company expects to catch up on production in Q4, particularly at Fekola, and reiterated its consolidated guidance for the year [12] - Management highlighted the importance of maintaining financial discipline, with a strong cash position and ongoing dividend payments [75] Other Important Information - The company has completed significant infrastructure for mining operations in Mali, which is expected to facilitate future production [39] - An impairment charge of $112 million was recorded for Gramalote, but the acquisition of full ownership is seen as a strategic advantage [13] Q&A Session Summary Question: What is the status of the new mining code in Mali? - Management indicated that discussions with the government are ongoing to understand the implications of the new mining code and how it will affect operations [74][115] Question: What are the expectations for Fekola's production in 2024? - Management acknowledged that production would likely be lower in 2024 due to delays in obtaining permits for regional deposits, but they are exploring ways to mitigate this impact [104][108] Question: Can you provide updates on the Goose project? - The Goose project is progressing well, with construction on schedule for first gold production in early 2025 [79][86] Question: What are the plans for the Gramalote project? - The company plans to conduct a study to evaluate the potential for a lower capital cost operation at Gramalote, now that it owns 100% of the project [13][81]

| --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|------------------|--------------------------------|-----------------------------------------------------|-------|----------------------------------------------------|-------|----------------------------------------------------| | | 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]