130,000 oz of Gold / year - Q4 2009

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Message: B2Gold Exceeds 2019 Production Forecast; Sets 2020 Targets

 

2020-01-16 07:32:26 AM ET (MT Newswires)
   
   

07:32 AM EST, 01/16/2020 (MT Newswires) -- Senior gold producer B2Gold (BTO.TO) late Wednesday reported better-than-expected production results for 2019 while providing its output and capital budget targets for 2020.

In 2019, the company produced 980,219 ounces of gold, exceeding its guidance range of between 935,000 and 975,000 ounces.

For 2020, the company expects output to be between 955,000 and 1 million ounces. Including its 34% share in the total production of Calibre's El Limon and La Libertad mines, production is expected to be between 1 million and 1.1 million ounces.

The company is setting aside US$77 million ($100.4 million) for Fekola Mine, US$28 million for Masbate Mine, and US$70 million for Otjikoto Mine for their respective sustaining capital costs. The budget for the Gramalote Gold Project, its joint venture with Anglogold Ashanti, is US$37.4 million, US$25.7 million of which will be funded by B2Gold.

The stock closed up by 2% on Wednesday.

Price: 5.31, Change: 0, Percent Change: 0

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