BRIEF-B2gold Reports Q1 Results, Increases Quarterly Dividend To $0.02 Per Share

130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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BRIEF-B2gold Reports Q1 Results, Increases Quarterly Dividend To $0.02 Per Share

posted on May 05, 2020 09:15PM

2020-05-05 07:53:35 PM ET (Reuters)

May 5 (Reuters) - B2Gold Corp:

* B2GOLD REPORTS STRONG Q1 2020 RESULTS AND QUARTERLY RECORDS FOR TOTAL GOLD PRODUCTION, GOLD REVENUE, OPERATING CASH FLOWS AND CASH OPERATING COSTS; INCREASES QUARTERLY DIVIDEND TO $0.02 PER SHARE

* Q1 EARNINGS PER SHARE $0.07

* Q1 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES DATA

* Q1 ADJUSTED EARNINGS PER SHARE $0.10

* B2GOLD - Q1 CONSOLIDATED GOLD PRODUCTION OF 250,632 OUNCES, INCREASE OF 25% (50,090 OUNCES) OVER Q1 OF 2019

* BASED ON CURRENT ASSUMPTIONS FOR 2020, B2GOLD REMAINS WELL POSITIONED FOR CONTINUED STRONG OPERATIONAL AND FINANCIAL PERFORMANCE

* B2GOLD - DESPITE DISRUPTIONS CAUSED BY COVID-19 SINCE MARCH 2020, CONTINUES TO SUCCESSFULLY SHIP ITS GOLD BULLION INVENTORY TO REFINERIES

* EXPECTS TO CONTINUE TO GENERATE NET CASH FLOWS THROUGH BALANCE OF 2020 AND FINISH 2020 IN SIGNIFICANT NET POSITIVE CASH POSITION

* BASED ON CURRENT ASSUMPTIONS, FOR FY 2020, LOW-COST FEKOLA MINE IS EXPECTED TO PRODUCE BETWEEN 590,000 AND 620,000 OUNCES OF GOLD Source text for Eikon: Further company coverage

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