B2Gold increases gold production in third quarter, raises its annual guidance
(Kitco News) - B2Gold (TSX: BTO) (NYSE: BTG)announced Tuesday that its total gold production in Q3 2021 was 310,261 ounces(including 14,538 attributable ounces from Calibre), above budget by 7% and 18%higher than 263,813 ounces produced in Q3 2020.
The company said thatconsolidated gold production from the company's three operating mines was295,723 ounces, above budget by 7% (20,083 ounces) with solid performances fromall the company's three mines, with each mine exceeding its budgeted productionfor the third quarter.
Consolidated gold productionalso increased significantly by 50% (98,343 ounces) over the second quarter of2021, the company added.
B2Gold noted that both theFekola (Mali) and Otjikoto (Namibia) mines achieved record quarterly goldproduction in the third quarter of 2021. The company's Masbate mine in thePhilippines also continued its strong operational performance as grade andrecovery both exceeded budget.
For full-year 2021, based onstrong production performance in the first nine months of 2021, B2Gold said ithas increased its total gold production guidance to between 1,015,000 -1,055,000 ounces (including 50,000 - 60,000 attributable ounces projected fromCalibre) compared to the original guidance of between 970,000 and 1,030,000ounces.
For full-year 2021, the company'stotal consolidated cash operating costs are budgeted to be between $500 - $540per ounce and total consolidated AISC to be between $870 - $910 per ounce.
B2Gold is an internationalsenior gold producer headquartered in Vancouver, Canada. Founded in 2007,today, B2Gold has operating gold mines in Mali, Namibia and the Philippines andnumerous exploration and development projects in various countries includingMali, Colombia, Burkina Faso, Finland and Uzbekistan.
By Vladimir BasovFor Kitco News
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