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B2Gold Corp., headquartered in Vancouver, Canada, is a prominent international gold mining company. Established in 2007, B2Gold has rapidly ascended to become one of the fastest-growing intermediate gold producers globally. The company's portfolio includes four operating mines and numerous exploration projects spread across four continents, including significant activities in Nicaragua, the Philippines, Namibia, Mali, and Burkina Faso.
B2Gold's core business revolves around the acquisition, exploration, and development of mineral properties, primarily focusing on gold deposits. This focus is evident in their four operational mines: the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia, and the Goose Project. Additionally, the company is advancing its construction efforts at the Fekola Mine in southwest Mali, which is on schedule and within budget, with production expected to commence by the end of 2017.
With an emphasis on maintaining a low-cost structure, B2Gold is well-positioned to achieve significant growth, targeting an annual gold production of approximately 800,000 to 850,000 ounces by 2018, while simultaneously reducing production costs. This strategic approach ensures the company’s financial stability and continual expansion.
B2Gold’s diverse assets also include the Gramalote and Kiaka projects, further solidifying its reputation as a leading player in the gold mining industry. The company operates without dependency on any specific purchaser, as its gold production is sold in the global market, ensuring robust revenue streams.
Recent achievements and ongoing projects highlight B2Gold’s commitment to sustainable development and operational excellence. The company's dedication to growth and innovation is evident in its increased production targets and declining costs, making it a significant entity in the global mining sector.
For more information or to contact B2Gold Corp., please visit their corporate website.
B2Gold Corp. announced robust operational and financial results for Q2 and H1 2021, exceeding production budgets with total gold production of 211,612 ounces in Q2 and 432,256 ounces in H1. Consolidated gold revenues were $363 million and $725 million, respectively, driven by higher average gold prices of $1,814 and $1,802 per ounce. Net income for Q2 was $68 million ($0.07 per share), and for H1, it was $160 million ($0.15 per share). The Fekola, Masbate, and Otjikoto mines all outperformed expectations. The company forecasts continued strong performance, projecting 970,000 to 1,030,000 ounces for the full year.
B2Gold Corp. (NYSE AMERICAN: BTG) will announce its second quarter 2021 financial results on August 4, 2021, after North American markets close. A conference call will follow on August 5, 2021, at 10:00 am PDT to discuss these results. Investors can join via telephone or webcast. Founded in 2007 and headquartered in Vancouver, B2Gold operates gold mines in Mali, Namibia, and the Philippines, with various exploration projects worldwide.
B2Gold reported impressive gold production and revenue figures for Q2 and H1 2021. In Q2, total gold production reached 211,612 ounces, with a consolidated revenue of $363 million on sales of 200,071 ounces at an average price of $1,814 per ounce. The Fekola Mine set a throughput record, producing 113,611 ounces. For H1 2021, total production was 432,256 ounces, generating $725 million in revenue. B2Gold remains on track to meet its annual production forecast of 970,000 - 1,030,000 ounces, suggesting strong operational capabilities moving forward.
B2Gold Corp. (BTG) has initiated international arbitration against the Republic of Mali regarding the Menankoto exploration permit. The company claims Mali violated its obligations under the 2012 Mining Code after denying an extension application submitted in October 2020. Despite this dispute, operations at the Fekola Mine, expected to produce 530,000 to 560,000 ounces of gold in 2021, remain unaffected. B2Gold has invested approximately $27 million in the Menankoto deposit and planned to allocate $8.3 million for 2021 exploration, highlighting its significant presence in Mali.
B2Gold Corp. announced the voting results from its Annual General and Special Meeting held on June 11, 2021, where 75.26% of common shares were voted. All items before the Meeting received overwhelming approval, including the election of nine directors, the appointment of PricewaterhouseCoopers LLP as auditor, and the confirmation of the Amended Advance Notice Policy. The Company also reported a forecast of gold production between 970,000 and 1,030,000 ounces for 2021.
B2Gold Corp. has declared a cash dividend of $0.04 per common share for Q2 2021, expected to be $0.16 annually. This dividend will be payable on June 30, 2021, with a record date of June 22, 2021. The Board aims to maintain future dividends at this level, subject to economic conditions and business performance. B2Gold anticipates total consolidated gold production of 970,000 to 1,030,000 ounces in 2021, reinforcing its strategy to maximize shareholder value.
B2Gold Corp. (BTG) released its fifth annual Responsible Mining Report titled "Raising the Bar," highlighting its economic contributions and ESG practices in 2020. The report indicates a robust performance, with annual gold production for the 12th consecutive year and total revenues of $1.8 billion. Key contributions included $145 million in employee wages, $14.4 million in community investments, and $419 million paid to governments. The company also maintained a zero-fatality record for five consecutive years and reduced its lost time injury frequency by 93%.
B2Gold Corp. will hold its 2021 Annual General and Special Meeting virtually on June 11, 2021, at 2 PM PDT. This decision comes as a precaution due to COVID-19. Shareholders can participate via a live video webcast, and in-person attendance will not be available. Registered shareholders must log in at least 15 minutes prior to the meeting. They are encouraged to follow procedures in the Management Information Circular to vote and ask questions. B2Gold forecasts gold production of 970,000 to 1,030,000 ounces for 2021.
B2Gold Corp. (NYSE AMERICAN: BTG) issued a statement regarding its Fekola Mine operations in Mali amidst the country's political unrest. The company confirmed that mining and milling activities remain unaffected, with an estimated gold production forecast of 530,000 to 560,000 ounces for 2021. The recent end of a national strike in Mali has had minimal impact on B2Gold's operations. The company emphasizes its commitment to a positive relationship with the Malian government and community, contributing over $1 billion in investments and generating significant revenue for the country.
B2Gold has reported strong first-quarter results for 2021, with total gold production of 220,644 ounces, exceeding budgets by 9%.
Consolidated gold revenue reached $362 million from sales of 202,330 ounces at an average price of $1,791 per ounce. Cash flow from operations was $146 million, with net income of $92 million ($0.09 per share).
Maintaining robust liquidity, B2Gold ended March with $513 million in cash. The company anticipates a significant production increase in the second half of 2021, with full-year guidance of 970,000 - 1,030,000 ounces.
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