B2Gold Corp (NYSEAMERICAN:BTG) Reports Full-Year Gold Production In 2017

0
566

B2Gold Corp (NYSEAMERICAN:BTG) posted its gold revenue and gold production for the full year 2017 in addition to its cash cost guidance and production for 2018. All figures are in U.S. dollars unless otherwise mentioned.

The buzz

B2Gold posted strong consolidated gold production for the year. The gold production came at 630,565 ounces, surpassing the upper end of the projection range of 580,000 ounces to 625,000 ounces, and exceling the top end of the initial projection range of 545,000 ounces to 595,000 ounces. Annual consolidated gold revenue came at $638.7 million.

Consolidated cash operating costs an ounce and all-in sustaining costs per ounce for the year are anticipated to be at, or below, the reported low end of cost guidance projections. Fekola Mine construction was completed in September 2017, more than almost a quarter ahead of the planned schedule. Also, it recorded commercial production in the last week of November, four months ahead of the preliminary schedule.

B2Gold reported that Fekola Mine gold production stood at 111,450 ounces in 2017, far exceling the upper end of its previous guidance range of 45,000 ounces to 55,000 ounces following its early start-up and robust ramp-up performance.

With the intended first full year of production from company’s Fekola Mine, the outlook for this year remains for dramatic production growth of around 300,000 ounces versus 2017. Looking forward, B2Gold will focus will remain on continuing its impressive financial and operational performance from current mines and continue with strong development and exploration programs to reveal the potential of its current portfolio of properties.

For B2Gold, last year marked as a remarkable year of performance, with strong number of consolidated gold production for the ninth successive year, and the successful commissioning and construction of its Fekola Mine in southwest Mali which recorded commercial production in the last week of November 2017.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.