B2Gold Posted Strong Gold Output in First Quarter 2021

SEATTLE (Scrap Monster): Vancouver, B.C.-based miner B2Gold Corp. announced its operational and financial results for the first quarter of 2021. The company reported strong gold production and gold revenue results for the quarter.

The total gold production of 220,644 ounces was 9% above budget, while the consolidated gold production from its three operating mines of 205,643 ounces too was above budget by 9%. The consolidated gold revenue stood at $362 million on sales of 202,330 ounces at an average price of $1,791 per ounce.

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The total consolidated cash operating costs was $609 per ounce produced, down from the budget by 8%. The total consolidated all-in sustaining costs (AISC) of $932 per ounce sold were down by 14% from the budget. B2Gold Corp. reported net income attributable to the shareholders of $92 million or $0.09 per share and adjusted net income attributable to shareholders of $97 million or $0.09 per share.

The company’s Fekola mill throughput touched a quarterly record of 2.07 million tonnes in the first quarter of 2021.

B2Gold expects total gold production for the full-year 2021 to range between 970,000 and 1,030,000 ounces. The total consolidated cash operating costs are forecast to range between $500 and $540 per ounce, at a total consolidated AISC of between $870 and $910 per ounce. Also, the company expects to generate cashflows from operating activities of approximately $630 million.