B2Gold Announces Positive Initial Inferred Mineral Resource Estimate for the Toega Project in Burkina Faso News Provided by GlobeNewswire 2018-02-2294 Views
B2Gold (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) Reports Record First Quarter Gold Production and Revenue in 2018; Quarterly Gold Production Increase of 81% to 240,000 Ounces and Revenues More than Double to $344 Million Vancouver, British Columbia - April 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire)
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its gold production and gold revenue for the first quarter of 2018. All dollar figures are in United States dollars unless otherwise indicated.
First Quarter 2018 Highlights
Record quarterly consolidated gold production of 239,684 ounces, a significant increase of 81% (or 106,948 ounces) over the same period last year, and 7% (or 16,252 ounces) above budget, due to the continued strong performances of the Fekola Mine in Mali, Masbate Mine in the Philippines and the Otjikoto Mine in Namibia Record quarterly consolidated gold revenue of $344.3 million, a significant increase of 135% (or $198.0 million) over the same period last year Fekola Mine continued to operate above plan since achieving commercial production on November 30, 2017, producing 114,142 ounces of gold in the quarter, 11% (or 11,228 ounces) above budget B2Gold is well on target to achieve transformational growth in 2018 and meet its annual guidance of between 910,000 and 950,000 ounces of gold production in 2018 at cash operating costs (see "Non-IFRS Measures") of between $505 and $550 per ounce and all-in sustaining costs ("AISC") (see "Non-IFRS Measures") of between $780 and $830 per ounce Gold Production
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