09:35 AM EDT, 08/10/2017 (MT Newswires) -- B2Gold (BTO.TO) has released its Q2 results, which showed the company swung to a profit versus the comparable period.

The company earned $0.02 per share (adjusted) on revenue of $164.3 million. In the comparable period, the company lost $0.01 per share on revenue of $164.8 million.

Consolidated gold production was 121,448 ounces, 1% (or 1,611 ounces) above budget. The company sold 131,737 ounces at an average price of $1,247 per ounce.

Consolidated all-in sustaining costs were $974 per ounce, $185 per ounce (or 16%) below budget

Fekola Project mine construction remains 3 months ahead of schedule and on budget for an anticipated October 1, 2017 production start.

2018 outlook provides for dramatic production growth of approximately 65%, with the planned first full-year of production from the Fekola Project, consolidated annual gold production is expected to increase significantly to between 900,000 and 950,000 ounces with cash operating costs and AISC expected to approximate the company's 2016 revised cost guidance ranges (of $500 to $535 per ounce for cash operating costs and $780 to $810 per ounce for AISC).

B2Gold's shares closed Wednesday's session at $3.12 apiece.

Price: 3.12, Change: 0, Percent Change: 0