B2Gold Corp. Posted Record Gold Revenue in Q2

SEATTLE (Scrap Monster):  Canadian miner, B2Gold Corp., reported that its consolidated gold revenue for Q2 this year touched record high of $442 million, higher by 65% from the corresponding quarter last year. The consolidated gold production surged higher by 15% to total 239,574 ounces in the April to June quarter. The gold production totalled 241,593 ounces.

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The company press release noted that its operating mines continued their remarkable safety performance. The Otjikoto mine in Namibia and Masbate mine in the Philippines extended the number of days without a lost time injury (LTI) incident to 862 days and 592 days respectively. Also, the Fekola mine operated without any delays, despite political uncertainties in Mali.

B2Gold reported record half-year consolidated gold production of 490,206 ounces from its three operating mines, significantly higher by 20% over H1 2019. The total gold production amounted to 506,455 ounces. The consolidated gold revenue surged higher by 55% to $882 million.

The company is well positioned for continued strong operational and financial performance. It expects to generate cash flows from operating activities of approximately $850 million in 2020.