B2Gold On Track to Surpass 2022 Gold Output Guidance

SEATTLE (Scrap Monster): B2Gold Corporation provided updates on gold production and revenue for the third quarter this year. The company noted that it is on track to achieve the annual gold production guidance for 2022.

The company press release noted that gold production during the quarter totalled 227,016 ounces, inclusive of 12,113 ounces of attributable production from Calibre Mining Corp. This was comparatively lesser than the planned production for the quarter, mainly due to operational challenges at Fekola and Otjikoto mines. The full year 2022 gold production from Otjikoto mine is expected to be in the lower end of the previous guidance of 165,000-175,000 ounces.

ALSO READ:

B2Gold Corp. Total Gold Output Exceeded Budget in Q2

B2Gold Corp. Announced Acquisition of Oklo Resources

The gold output from Masbate mine totalled 49,902 ounces in Q3, whereas that from Fekola Mine in Mali stood at 129,933 ounces.  The consolidated gold revenue and gold sales amounted to $393 million and 229,400 ounces respectively, at an average realized gold price of $1,711 per ounce.

Meantime, B2Gold kept the anticipated gold production for the full year 2022 unchanged at previously guided 990,000 to 1,050,000 ounces.

The feasibility study to ensure delivery of low capital intensity production growth at Fekola Complex is underway. The mine is expected to benefit significantly from higher grade ore access during Q4 this year.