Strong Q2 2022 Results
B2Gold Corporation (“B2Gold”)
Registration No. BC0776025
Registered as an external company in Namibia
ISIN Code: CA11777Q2099
NSX Share Code: B2G
• B2Gold Reports Strong Q2 2022 Results with
• Cash Operating Costs and All-In Sustaining Costs Below
Budget;
• Full-year 2022 Total Consolidated Gold Production and
Cost Guidance Remains Unchanged
Vancouver, August 3, 2022 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN:
BTG, NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce its operational and financial
results for the second quarter and first half of 2022. The Company previously
released its gold production and gold revenue results for the second quarter and first
half of 2022. All dollar figures are in United States dollars unless otherwise indicated.
2022 Second Quarter Highlights
• Total gold production of 223,623 ounces (including 14,765 ounces of attributable
production from Calibre Mining Corp. (“Calibre”)), slightly above budget by 1%
(2,154 ounces), and consolidated gold production of 208,858 ounces from the
Company’s three operating mines, in line with budget
• Consolidated gold revenue of $382 million on sales of 205,300 ounces at an
average realized gold price of $1,861 per ounce
• Fekola’s mill throughput was a quarterly record of 2.42 million tonnes, 8% above
budget and 6% higher than the second quarter of 2021
• Total consolidated cash operating costs (see “Non-IFRS Measures”) (including
estimated attributable results for Calibre) of $781 per ounce produced and
consolidated cash operating costs from the Company’s three operating mines of
$766 per ounce produced, both 2% below budget
• Total consolidated all-in sustaining costs (“AISC”) (see “Non-IFRS Measures”)
(including estimated attributable results for Calibre) of $1,111 per ounce sold
and consolidated AISC from the Company’s three operating mines of $1,109 per
ounce sold, both well below budget by 7%
• Net income attributable to the shareholders of the Company of $38 million
($0.04 per share); adjusted net income (see “Non-IFRS Measures”) attributable to
the shareholders of the Company of $45 million ($0.04 per share)
• On July 3, 2022, the Economic Community of West African States (“ECOWAS”)
removed the economic, financial and diplomatic sanctions imposed on Mali
earlier in 2022 following the interim Malian Government’s announcement of a
two-year transition to presidential elections and the promulgation of a new
electoral law. As a result, Mali’s borders with its neighbours are now open to
normal commercial traffic and ordinary supply routes are once again
availableThe Company remains in a strong net positive cash position and paid a
second quarter dividend of $0.04 per common share (annualized rate of $0.16
per common share), representing one of the highest dividend yields in the gold
sector
• The Company recently announced the acquisition of Oklo Resources Limited
(“Oklo”), which will provide B2Gold with an additional landholding of 1,405 km2
covering highly prospective greenstone belts in Mali, including Oklo’s flagship
Dandoko project (550 km2), located approximately 25 kilometres from each of
the Fekola Mine and the Anaconda area. The transaction is expected to be
completed in mid-September 2022
• B2Gold published its sixth annual Responsible Mining Report entitled "Raising
the Bar", which details B2Gold's global economic contributions and its
environmental, social, and governance management practices, together with the
Company's performance against key indicators in 2021
This announcement can also be found at the following link:
http://www.investorx.ca/Doc/2208031618208237
On Behalf of B2GOLD CORP.
Clive T. Johnson
President & Chief Executive Officer
4 August 2022
Registered Office
20 Nachtigal Street
Ausspannplatz
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th floor 1@Steps,c/o Grove and Chasie Street
Kleine Kuppe, Windhoek
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 04-08-2022 10:45:00
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