B2Gold Targets Higher Gold Production in 2025

The quarterly gold sales amounted to 187,793 ounces and the annual sales stood at 801,524 ounces.

SEATTLE (Scrap Monster):  B2Gold Corp. announced gold production and revenue results for the fourth quarter and full year 2024. Additionally, the company declared its 2025 total gold production guidance and cost guidance.

In Q4 2024, the company reported total gold production of 186,001 ounces. The production stood lower than expected at the Fekola mine. On the other hand, both Masbate and Otjikoto continued to outperform, partially offsetting the production decline at Fekola. Meanwhile, the consolidated gold production for the full year 2024 totalled 804,778 ounces, which was at the lower end of the company’s revised 2024 production guidance.

The consolidated gold revenue in the fourth quarter of 2024 was $500 million and for the full year was $1.90 billion. The quarterly gold sales amounted to 187,793 ounces and the annual sales stood at 801,524 ounces.

For 2025, the company expects the total gold production to range between 970,000 and 1,075,000 ounces. The anticipated increase in production in comparison with 2024 is partially attributed to the scheduled mining and processing of higher-grade ore from the Fekola Phase 7. Also, it expects the total consolidated cash operating costs and all-in sustaining costs to remain stable during the current year.

A company press release noted that feasibility study on the Gramalote Project in Colombia is set for completion by mid-2025.

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