B2Gold Corp. Gold Output Hit Fresh Record in 2019

SEATTLE (Scrap Monster):  B2Gold Corp. announced consolidated gold output and revenues for the fourth quarter and full-year 2019. The company also declared its budget guidance for the current year.

According to company press release, the consolidated Q4 gold production totalled 234,416 ounces, including 6,010 ounces from discontinued operations. The consolidated gold revenues from continuing operations were $314 million on sales of 211,800 ounces. Including gold sales from discontinued operations, the consolidated gold revenues for the quarter amounted to $324 million.

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B2Gold reported record annual consolidated gold production of 969,495 ounces, including 118,379 ounces from discontinued operations. This is the eleventh consecutive year that the company has achieved record annual consolidated gold production, thereby exceeding the upper end of the guidance. The gold production from the Fekola Mine, Masbate Mine and Otjikoto Mine exceeded the upper end of guidance.

The consolidated gold revenues from continuing operations, including gold sales from discontinued operations, totalled $1,318 million in 2019.

The company expects continued strong operational and financial performance in 2020, with annual production guidance of between 1,000,000 ounces and 1,055,000 ounces of gold.