B2Gold Announces Total Gold Production for Q4 2023 of
From GlobeNewswire:
B2Gold Corp. is pleased to announce its gold production and revenue for Q4 2023, full year 2023, and 2024 guidance. The company achieved strong quarterly total gold production in Q4 2023, earning $512 million in gold revenue. They also achieved a significant safety milestone of 5 years without a Lost Time Injury at the Masbate Mine. Looking ahead, B2Gold expects a decrease in gold production in 2024 due to delays in receiving an exploitation license for Fekola Regional. However, they anticipate record levels of production in 2025. Construction at the Goose Project is progressing on track, with a revised construction capital estimate of C$1,050 million and a preliminary economic assessment on the Gramalote Project expected by the end of the second quarter of 2024. The company also announced a gold prepayment arrangement for $500 million, used to fund sustaining, development, and growth projects.
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