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BRIEF-B2gold corp on track to meet 2016 gold production

Published 2016-05-11, 11:39 p/m
© Reuters.  BRIEF-B2gold corp on track to meet 2016 gold production
BTG
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May 11 (Reuters) - B2gold Corp BTO.TO
* Q1 consolidated gold production of 127,844 ounces; 10%
greater than same period in 2015
* Q1 consolidated all-in sustaining costs of $874 per ounce,
$217 per ounce lower compared with q1 of 2015
* On track to meet 2016 consolidated gold production
guidance of between 510,000 to 550,000 ounces
* On track to meet 2016 gold production cash operating costs
between $560-$595 per ounce,all-in sustaining costs between
$895-$925 per ounce
* Construction of fekola mine is well underway, on schedule
and on budget, and is expected to commence production in late
2017
* Increase in gold production was primarily attributable to
strong quarterly production from masbate mine
* Gold production in 2016 is anticipated to be slightly
weighted to second half of year
* Q2 and full year 2016 production at otjikoto mine are not
expected to be impacted
* Expected higher production relates mainly to increased
throughput at otjikoto mine
* Production increasing to approximately 800,000 to 850,000
ounces annually by 2018
* B2gold corp. Reports first quarter results 2016
* Q1 adjusted earnings per share $0.02
* Q1 earnings per share $0.01
* Q1 earnings per share view $0.00 -- Thomson Reuters
I/B/E/S

Source text for Eikon: ID:nMKWSpbLNa
Further company coverage: BTO.TO

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