B2 Gold Corp. - 2016 Year to Date - • Announced high grade step and infill drill results from Fekola and Kiaka • First quarter gold production of 127,844 ounces • Consolidated gold revenue of $144.3 million on gold sales of 120,899 ounces at an average price of $1,193 per ounce
• Record low consolidated cash operating costs of $499 per ounce of gold, $202 per ounce lower compared with the first quarter of 2015
• Consolidated all-in sustaining costs of $874 per ounce, $217 per ounce (20%) lower compared with the first quarter of 2015 • Consolidated cash flow from operating activities of $171.6 million ($0.19 per share), including $120 million proceeds from Prepaid Sales transactions
• Strong cash position of $109.1 million at quarter-end
• On track to meet 2016 consolidated gold production guidance of between 510,000 to 550,000 ounces at cash operating costs of between $560 to $595 per ounce and all-in sustaining costs of between $895 to $925 per ounce
• Arranged prepaid gold sales transactions totalling $120 million to fund the completion of the Fekola mine construction • Signed commitment letter to enter into a Euro equivalent $80.9 million Equipment Facility with Caterpillar Financial SARL for the Fekola project • Construction of the Fekola mine is on schedule and on budget and is expected to commence production in late 2017 6 2015/2016 Gold Prod
GO back on " The Gold Standard " and we adhered to the actual structure of - The Gold Standard - as it exited prior to 1913, we'd be fine -
Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of The Gold Standard.
I'm known as a gold bug and everyone laughs at me, but why do central banks own gold now?
Greenspan full interview is below. The Pursuit of All Things Interesting:
• Four producing gold mines • Otjikoto Mine in Namibia commenced production in December 2014, ahead of schedule and on budget, achieved commercial production in Q1 2015 • Construction underway at the Fekola Mine in Mali - on schedule and on budget • Demonstrated history of accretive acquisitions and exploration success • Projected to produce 510,000 - 550,000 ounces of gold at cash operating costs of $560 - $595 per ounce and all-in sustaining costs of between $895 - $925 per ounce in 2016 Proven Management Team • Former management and technical teams of Bema Gold Corporation • Strong teams in Nicaragua, the Philippines, Namibia, Mali and Burkina Faso • Ability to discover, finance, build and operate profitable gold mines around the world • Solid record of operational execution Strong Financial Position • $350 million corporate Revolving Credit Facility (RCF) • New $120 million pre-paid gold sales financing arrangements -