Fekola Hybrid Power Station

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.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023
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PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023
Feasibility study, EDGAR, Acquisition, Analysis, Management, News, NYSE, Automation, Sulfide, AABB, Fekola Hybrid Power Station, GOLD, FNM, Research, Lone Tree, SEDAR, TSX, Growth, Security (finance), Granite Creek, Agnico Eagle, NOT, Energy Independence and Security Act of 2007, Finance, Gold, Caliber, Bank statement, Silver, Form 10-K, Conversation, NEVER, BTG, Mining, ANY, Lone Tree, Oklahoma, Annual report, AISC, Uranium mining, Cryptocurrency, Camino Rojo mine

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

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.

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
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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.