Otjikoto Lake

B2Gold Reports Strong Q4 and Full Year 2023 Results; Achieved 2023 Total Gold Production and Consolidated Cost Guidance; Q1 2024 Dividend of US$0.04 per Share Declared

Retrieved on: 
Wednesday, February 21, 2024
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In the fourth quarter of 2023, the Otjikoto Mine produced a quarterly record of 81,111 ounces of gold.

Key Points: 
  • In the fourth quarter of 2023, the Otjikoto Mine produced a quarterly record of 81,111 ounces of gold.
  • For the fourth quarter of 2023, the Otjikoto Mine's cash operating costs were $451 per gold ounce produced ($503 per ounce gold sold).
  • All-in sustaining costs for the Otjikoto Mine for the fourth quarter of 2023 were $816 per gold ounce sold.
  • Gold production at Otjikoto is expected to be relatively consistent throughout 2024.

B2Gold Announces Total Gold Production for Q4 2023 of 288,665 oz; Total Gold Production for 2023 of 1,061,060 oz, Achieving Upper Half of 2023 Guidance; 2024 Guidance, Preliminary 2025 Production Outlook and Gold Prepay Arrangement

Retrieved on: 
Wednesday, January 24, 2024
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B2Gold applies the equity method of accounting for its expected 15% ownership interest in Calibre effective January 24, 2024.

Key Points: 
  • B2Gold applies the equity method of accounting for its expected 15% ownership interest in Calibre effective January 24, 2024.
  • The contribution of this gold production from Fekola Regional is now assumed to start at the beginning of 2025.
  • Mining operations will commence upon receipt of an exploitation license, with gold production approximately three months after commencement.
  • Gold production is expected to be evenly weighted between the first half of 2024 and the second half of 2024.

B2Gold Reports Q3 2023 Results; 2023 Total Gold Production Guidance Reiterated; Full-Year Cash Operating Costs Forecast to be Below Guidance Range and Full-Year All-In Sustaining Costs Forecast to be at the Low End of Guidance Range

Retrieved on: 
Wednesday, November 8, 2023
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Cash operating costs (refer to “Non-IFRS Measures”) for the third quarter of 2023 were $785 per gold ounce produced ($744 per ounce gold sold).

Key Points: 
  • Cash operating costs (refer to “Non-IFRS Measures”) for the third quarter of 2023 were $785 per gold ounce produced ($744 per ounce gold sold).
  • Lower diesel fuel costs also contributed to the lower than anticipated cash operating costs per ounce produced.
  • The Otjikoto Mine in Namibia is expected to produce between 190,000 and 210,000 ounces of gold in 2023.
  • For the first nine months of 2023, Otjikoto's cash operating costs per ounce and all-in sustaining costs per ounce were below expectations due to a weaker Namibian dollar.

Osino Successfully Lists on the Namibian Stock Exchange

Retrieved on: 
Tuesday, August 29, 2023
Otjikoto Lake, TSX Venture Exchange, Twin, Erongo Region, Demographics of Namibia, Lushoto District, FSE, Government, Namibian Stock Exchange, NSX, Omaruru, Acquisition, Project, Empowerment, Cryptocurrency, Uranium mining

Osino has successfully dual-listed on the Namibian Stock Exchange.

Key Points: 
  • Osino has successfully dual-listed on the Namibian Stock Exchange.
  • Namibian listing facilitates trading of shares by Namibians and Namibian funds, while also accessing empowerment opportunities and local capital market participation.
  • VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI)(NSX:OSN)(FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that the Company has successfully dual-listed on the Namibian Stock Exchange (“NSX”) under the symbol “OSN”.
  • Cirrus Capital (Namibia) advised on the NSX listing and anticipates increased exposure and awareness for Osino in Namibian capital markets.

Osino Awards Front-End Engineering Design and Provides Project Implementation Update for the Development-Stage Twin Hills Gold Project, Namibia

Retrieved on: 
Thursday, August 3, 2023
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VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to provide an update progress with activities in support of the planned development of Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”), following the successful completion of a Definitive Feasibility Study in June 2023.

Key Points: 
  • Heye Daun, Osino’s President and CEO commented: “The award of this FEED study marks another key milestone for Osino as it moves the Twin Hills Gold Project closer to production.
  • Lycopodium is recognized for their gold processing plant design expertise and their world-class track record of on-time and on-budget project delivery in Africa and globally.
  • The Twin Hills Gold Project is located within Namibia’s prospective Damara sedimentary mineral belt, in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.
  • Twin Hills is planned to be a conventional open-pit gold mine with a whole-ore carbon-in-leach (“CIL”) metallurgical processing plant.

B2Gold Reports Q2 2023 Results; Strong Q2 2023 Operating Results Position B2Gold to Achieve 2023 Annual Guidance; First Half of 2023 Cash Operating Costs and All-In Sustaining Costs Both Below 2023 Guidance Ranges

Retrieved on: 
Wednesday, August 2, 2023
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Cash operating costs (refer to “Non-IFRS Measures”) for the second quarter of 2023 were $611 per gold ounce produced ($641 per ounce gold sold).

Key Points: 
  • Cash operating costs (refer to “Non-IFRS Measures”) for the second quarter of 2023 were $611 per gold ounce produced ($641 per ounce gold sold).
  • All-in sustaining costs for the second quarter of 2023 were $1,187 per gold ounce sold.
  • The Otjikoto Mine has benefited from lower fuel costs and a weaker Namibian dollar over the first half of 2023.
  • B2Gold executives will host a conference call to discuss the results on Thursday, August 3, 2023, at 10:00 am PT / 1:00 pm ET.

Osino Provides Update on DFS for Twin Hills Gold Project, Namibia

Retrieved on: 
Wednesday, June 7, 2023
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VANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on the definitive feasibility study for Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”). The DFS is being consolidated by Lycopodium Minerals Africa (Pty) Ltd. (“Lycopodium”) in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects ("NI 43-101"), with input from several consultants and Osino.

Key Points: 
  • VANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on the definitive feasibility study for Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”).
  • Heye Daun, Osino’s President and CEO commented: “Our team is on track to deliver the Twin Hills DFS in mid-June.
  • The DFS optimisations and updated MRE result in a robust project with strong economic fundamentals that establish Twin Hills as a top-tier African gold development project.”
    The Twin Hills Gold Project is located within Namibia’s prospective Damara sedimentary mineral belt, in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.
  • Twin Hills is amenable to conventional open-pit gold mining and conventional, whole-ore CIL metallurgical processing.

B2Gold Releases its Seventh Annual Responsible Mining Report and its Second Annual Climate Strategy Report

Retrieved on: 
Tuesday, May 16, 2023
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B2Gold is also pleased to announce that it has published its second annual Climate Strategy Report.

Key Points: 
  • B2Gold is also pleased to announce that it has published its second annual Climate Strategy Report.
  • The 2022 Climate Strategy Report is the Company’s second annual report in line with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”).
  • The Climate Strategy Report presents stakeholders with an understanding of how B2Gold takes action to manage its climate impacts and climate-related risks to the Company.
  • To view or download a copy of the Responsible Mining Report and Climate Strategy Report and all other documents referred to in this press release, please visit www.b2gold.com/responsible-mining/esg-reporting-portal/ .

B2Gold Reports Q1 2023 Results; Cash Operating Costs and All-In Sustaining Costs Below 2023 Annual Guidance Ranges; Operating Cash Flow before Working Capital Adjustments of $223 million

Retrieved on: 
Tuesday, May 9, 2023
Area studies, Inference, Capital expenditure, Bank statement, Fekola Hybrid Power Station, Resource, PT, Sale, Public expenditure, PIN, Gold, Acquisition, Mining, Engineering, Webcast, Uranium mining, Palladium, Rare-earth element, Otjikoto Lake, Snow line

Cash operating (refer to “Non-IFRS Measures”) costs for the first quarter of 2023 were $605 per gold ounce produced ($458 per ounce gold sold).

Key Points: 
  • Cash operating (refer to “Non-IFRS Measures”) costs for the first quarter of 2023 were $605 per gold ounce produced ($458 per ounce gold sold).
  • Cash operating costs per ounce produced for the first quarter of 2023 were lower than expected as a result of higher production as described above and a weaker Namibian dollar.
  • All-in sustaining costs for the first quarter of 2023 were $905 per gold ounce sold.
  • The lower than expected sustaining capital expenditures are mainly a result of timing of expenditures and expected to be incurred later in 2023.

B2Gold Reports Q4 and Full Year 2022 Results; Achieved 2022 Total Gold Production and Consolidated Cost Guidance; Cash and Cash Equivalents Increased $102 Million in Q4 2022; Q1 2023 Dividend of US$0.04 per Share Declared

Retrieved on: 
Wednesday, February 22, 2023
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The fourth quarter of 2022 included a monthly production record of 30,493 ounces of gold in December 2022.

Key Points: 
  • The fourth quarter of 2022 included a monthly production record of 30,493 ounces of gold in December 2022.
  • For the fourth quarter of 2022, mill feed grade was 2.25 g/t, mill throughput was 0.84 million tonnes, and gold recovery averaged 98.8%.
  • For the fourth quarter of 2022, the Otjikoto Mine's cash operating costs were $465 per gold ounce produced ($572 per ounce gold sold).
  • Production results and production guidance presented in this news release reflect total production at the mines B2Gold operates on a 100% project basis.