B2 Gold Corp (BTO)

[NYBob]

B2Gold Corp. Achieved Record 2014 Quarterly/Full Year Production
03/13/2015 03:30 EST

Achieved Commercial Production at Otjikoto Mine on February 28, 2015

2015 Outlook Provides for Strong Production Growth of Approximately 35%
and Reduced Costs Per Ounce
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 13, 2015) -

B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G) ("B2Gold" or the
"Company") reports its operational and financial results for the fourth
quarter and year ended December 31, 2014. The Company previously released
its 2014 gold production and revenue as well as its production and cash
cost guidance for 2015 (see news release dated 01/21/15).
All dollar figures are in United States dollars unless otherwise
indicated.

2014 Fourth Quarter Highlights

Record quarterly consolidated gold production of 111,804 ounces (or 118,963 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December)
Record quarterly gold production at the Masbate Mine of 62,972 ounces
Consolidated cash operating costs of $646 per ounce and all-in sustaining costs of $946 per ounce
Gold revenue of $122.4 million on sales of 102,612 ounces at an average price of $1,193 per ounce
Cash flow from operating activities of $38.6 million ($0.04 per share)
Strong cash position of $133 million at year-end
Achieved commercial production at the Otjikoto Mine on February 28, 2015
Acquisition of Papillon Resources Limited completed on October 3, 2014, resulting in the acquisition of the high-quality Fekola Gold Project in Mali
Fekola feasibility study underway with completion expected in the second quarter of 2015
Road construction and site earthworks commenced at the Fekola Project in February 2015
2014 Full-Year Highlights

Record annual consolidated gold production of 384,003 ounces (or 391,162 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December)
Record annual gold production at La Libertad Mine of 149,763 ounces
Consolidated cash operating costs of $680 per ounce and all-in sustaining costs of $1,101 per ounce, both within the Company's full-year 2014 guidance range
Gold revenue of $486.6 million on record sales of 386,219 ounces at an average price of $1,260 per ounce
Cash flow from operating activities of $113.7 million ($0.15 per share)
2015 outlook provides for strong production growth of approximately 35% to between 500,000 to 540,000 ounces of gold with cash operating costs per ounce decreasing

http://www.b2gold.com/press-releases/03/2015/b2gold-corp-achieved-record-2014-quarterly/full.html?id=1928723

http://www.b2gold.com/wp-content/uploads/2010/05/B2Gold-brochure-jan-2014.pdf


http://www.b2gold.com/investors/presentations.html

http://www.b2gold.com/
God Bless