B2Gold: Der Top-Performer im Goldsektor, WKN A0M889 - Älteste Beiträge zuerst (Seite 18)

[edorado]

B2Gold Announces Positive Initial Inferred Mineral Resource Estimate for the Toega Project in Burkina Faso

Vancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") announces a positive initial Inferred Mineral Resource estimate for the Toega Project located in Burkina Faso.

Highlights

Initial Inferred Mineral Resource estimate of 17,530,000 tonnes of 2.01 grams per tonne ("g/t"), containing 1,130,000 ounces of gold, indicates the potential to be an open-pittable deposit

Toega mineralized zone now extends 1,200 metres along strike, and is 430 metres wide and up to 400 metres deep.

Toega mineralized zone remains open along strike to the north-northeast and down dip

Recent drilling has intersected good grade in a potential new mineralized zone. Drilling is ongoing to infill and determine the ultimate size of the Toega zone, and to further test the new mineralized zone

Initial Resource Estimation Details

The effective date of the Mineral Resource estimate is January 8, 2018. A total of 165 drill holes (37,776 metres of drilling) were used in the estimate. Inferred Mineral Resources are supported by a nominal drill hole spacing of 100 by 100 metres; however, 65% of the reported resource has been drilled to a 50 by 50 metre, or tighter, drill hole spacing.

Inferred Mineral Resources reported at different gold cutoff grades are presented as a sensitivity case.
Sensitivity to Gold Cutoff Grade
Inferred Mineral Resources Reported at variable gold cutoffs within a $1,400 pit shell
Cutoff Grade
g/t Gold Tonnes Grade
g/t Gold Ounces1
0.3 22,070,000 1.68 1,190,000
0.4 19,930,000 1.82 1,170,000
0.6 17,530,000 2.01 1,130,000
0.8 16,120,000 2.12 1,100,000
1.0 14,750,000 2.24 1,060,000

1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

Mineralization zone models at nominal grade thresholds of 0.2 g/t gold and 0.8 g/t gold were built using lithology, mineralization and structural measurements to control the 3D modeling. Assays were capped at 2.5 g/t within the 0.2 g/t shell and 18.0 g/t within the 0.8 g/t shell. Capping levels were based on statistics and spatial consideration of the high-grade assays. Gold assays were capped prior to compositing to 2 metres. Grade variability within the mineralization zones is relatively low. Block model grades were estimated using Ordinary Kriging within the two mineralization domains.

A total of 6,343 bulk density measurements using the water-displacement method on dried core samples were completed at the project site. For tonnage and metal estimates, densities were estimated to the block model for fresh rocks; density for each regolith type was assigned a constant value.

The Toega Inferred Mineral Resources are amenable to open-pit mining methods and are reported within a pit shell run using a gold price of US$1,400/oz., an average gold recovery of 86.2 % (based on preliminary metallurgical testwork), an assumed pit slope parameter of 50 degrees and preliminary costs based on input from other B2Gold mining operations. Costs used for pit generation are a mining cost of US$2.50 per tonne mined, processing cost of US$10.00 per tonne and G&A cost of US$2.10 per tonne processed.

Mineral Resources have been classified using the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. All tonnage, grade and contained metal content estimates have been rounded. Rounding may result in apparent summation differences between tonnage, grade and contained metal content.

The Mineral Resource estimate was prepared in-house at B2Gold with Tom Garagan, P.Geo., B2Gold's Senior Vice President of Exploration, serving as the Qualified Person.

Mineral Resources are reported in accordance with NI 43-101 and the 2014 Canadian Institute of Mining, Metallurgy and Petroleum "Definition Standards for Mineral Resources and Mineral Reserves" (CIM Definition Standards). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Recent Drilling

In 2017, over 20,000 metres of combined reverse circulation and diamond drilling were completed in 72 holes.

Recently, reverse circulation drill hole NKRC039, collared immediately west of the current resource pit boundary, was deepened by diamond drilling and intersected a new zone of mineralization grading 3.24 g/t gold over 22.20 metres, including 14.0 metres at 4.78 g/t gold, starting at a depth of 175.80 metres down hole. Diamond drill hole NKDD092, drilled at the northern end of the resource pit, intersected 32.5 metres, grading 5.09 g/t gold at 306.5 metres down the hole. Diamond drill hole NKDD089, drilled 200 metres down plunge of the main Toega mineralization, intersected an extension to mineralization, grading 5.89 g/t gold over 9.64 metres, starting at a depth of 421.36 metres down hole. Drill hole NKDD080, which returned 4.11 g/t gold over 47.10 metres from 300.91 metres (including 10.0 metres at 7.99 g/t gold) is at the lower boundary of the current resource.

QA/QC on Sample Collection and Assaying

Three laboratories were used for gold assaying of Toega samples, including ALS (Ouagadougou and Johannesburg), Actlabs Burkina Faso SARL and BV Abidjan. Senior project staff periodically visit the assay labs for review of procedures.

Quality assurance and quality control ("QA/QC") measures on assaying and sample preparation performance include regular insertion of certified reference (CRM), field duplicate, preparation duplicate and blank sample materials prior to submission of samples to the laboratory. Approximately 16% of the samples submitted for assay are QA/QC type samples. QA/QC data is reviewed on a continuous basis and before data is imported into the database. Comprehensive QA/QC reports are generated and reviewed monthly by senior staff. Data imported into the project database are subject to validation which includes checks on surveys, collar coordinates, lithology data and assay data. Quarterly or bi-annual samples are submitted to a secondary lab for check analysis; these results are reviewed upon receipt to mitigate potential biases with the primary assay lab. Sample security measures include moving all samples from the drill site to the Toega camp yard at the end of each drill shift, with sample shipment tracking coordinated between B2Gold and the lab.

Metallurgical Testwork

Initial metallurgical testwork was completed by SGS Minerals Services in Lakefield, Ontario, on two master composites and 12 variability samples. Bench-scale gravity tests using a combination of a Knelson concentrator and Mozley mineral separator, followed by whole ore cyanidation of the gravity tails were used to evaluate the master and variability composites. The testwork produced metallurgical recoveries ranging from 77.1 to 93.2, with an average recovery of 86.2%.

Qualified Persons

Tom Garagan, Senior Vice President of Exploration at B2Gold, a qualified person under NI 43-101, has approved the exploration information and mineral resource estimate contained in this news release.

John Rajala, P.E., Vice President of Metallurgy at B2Gold, a qualified person under NI 43-101, has approved the metallurgical information contained in this news release.

About B2Gold

Headquartered in Vancouver, Canada, B2Gold Corp. is the world's new senior gold producer. Founded in 2007, today, B2Gold has five operating gold mines and numerous exploration and development projects in various countries including Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland. With the large, low-cost Fekola Mine now in production, B2Gold is well positioned in achieving transformational growth in 2018. In 2018, with the planned first full year of production from the Fekola Mine, consolidated gold production is forecast to be between 910,000 and 950,000 ounces. This represents an increase in annual consolidated gold production of approximately 300,000 ounces for the Company in 2018 versus 2017.

ON BEHALF OF B2GOLD CORP.

"Clive T. Johnson"
President and Chief Executive Officer

For more information on B2Gold please visit the Company website at www.b2gold.com or contact:

Ian MacLean
Vice President, Investor Relations
604-681-8371
[e-mail]

Katie Bromley
Manager, Investor Relations & Public Relations
604-681-8371
[e-mail]

[edorado]

B2Gold Announces Positive Initial Open-Pit Resource at the Newly-Discovered El Limon Central Zone, Nicaragua

Vancouver, British Columbia--(Newsfile Corp. - February 23, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") announces a positive initial open-pit resource at the newly-discovered El Limon Central zone, at the El Limon property in Nicaragua, of 5,130,000 tonnes at a grade of 4.92 grams per tonne ("g/t") of gold containing 812,000 ounces of gold (refer to table below). This large, good grade new zone has the potential to decrease the El Limon Mine's cash operating costs and all-in sustaining costs per ounce, dramatically increase the El Limon mine life, and could lead to an expansion of the El Limon mill to a higher throughput rate which could potentially double annual gold production.

The El Limon Central zone, at its closest location, is approximately 150 metres from the El Limon mill facility, extending southeast and northwest, adjacent to existing plant and administrative infrastructure. Historical records indicate that parts of the Central zone had been mined underground in past decades. B2Gold's recent exploration work indicates the underground mining was much more limited than previously thought.

The El Limon central vein structure has been drill tested along a 2.2-kilometre strike length so far, and remains open to depth and along strike, and will be further drill tested during 2018. This structure has experienced some limited historic mining along its length. Further north, the structure extends along strike and this area is being drill tested at present.

Highlighted results within the pit include 19.70 metres at 24.24 g/t gold (LIM-17-4119), 24.80 metres at 11.65 g/t gold (LIM-17-4112), 5.66 metres at 64.76 g/t gold (LIM-16-3984) and 15.70 metres at 20.04 g/t gold (LIM-17-4069).

Below and beyond the resource pit limits to the north, drill highlights include 2.0 metres at 13.43 g/t gold (LIM-17-4184) and 20.35 metres at 3.0 g/t gold, including 4.1 metres at 6.85 g/t gold (LIM-17-4198). All widths noted are true widths.

The Mineral Resource estimate was prepared in-house at B2Gold. A total of 248 drill holes (35,871 metres of drilling) were used in the gold grade estimate with more than 75% of the drill meterage (28,078 metres) coming from diamond drilling, completed by B2Gold. The remainder of the drilling was completed by previous owners during the late 1990s through early 2000s.

Inferred Mineral Resources reported at different gold cutoff grades are presented as a sensitivity case.
Cutoff Grade
g/t gold Tonnes Grade
g/t gold Ounces1
0.8 5,560,000 4.62 825,000
1.0 5,330,000 4.78 819,000
1.2 5,130,000 4.92 812,000
1.4 4,950,000 5.05 804,000

1.Mineral Resources are reported in accordance with NI 43-101 and the 2014 Canadian Institute of Mining, Metallurgy and Petroleum "Definition Standards for Mineral Resources and Mineral Reserves" (CIM Definition Standards). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

Inferred Mineral Resources are amenable to open-pit mining methods and are reported within a pit shell run using a gold price of US$1,400/oz., an average gold recovery of 83.8% (based on preliminary metallurgical testwork), and recent EL Limon Mine cash operating costs.

The 2017 El Limon budget was increased to USD$7.00 million and included over 30,000 metres of drilling in 157 holes with a focus on the El Limon vein. The 2018 El Limon budget is USD$7.00 million and will include 24,900 metres in 132 holes, again, with a focus on the El Limon vein.

B2Gold is currently conducting additional metallurgical testing on the El Limon Central ore and a study to evaluate the potential to expand the El Limon throughput to significantly increase annual gold production and reduce cash operating costs. The study is expected by mid-2018.

El Limon Tailings Project Update

In 2017, an initial study was completed regarding the potential re-processing of the old tailings at the El Limon Mine. Based on historic mill and drilling records, the tailings contain an estimated 9 million to 11 million tonnes with a potential gold grade of 0.80 g/t to 1.0 g/t. An ongoing drilling program is underway as part of a feasibility study which will confirm resources and grades, the optimum grind size, capital costs and final project economics. Based on the initial study completed in 2017, the Company believes that the project has the potential to produce an average of approximately 20,000 to 25,000 ounces of gold and 70,000 to 80,000 ounces of silver per year for approximately 9 to 11 years. The concept is to regrind the old tailings to a much finer grind size, process them through a new CIP plant and place the tailings in a new lined tailings storage facility. The potential quantity and grade included in the initial study is conceptual in nature, and there has been insufficient exploration to date to define a Mineral Resource, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

The El Limon Mine has produced over 3 million ounces of gold since 1941, principally from the veins of El Limon, Talavera and Santa Pancha, the current focus of production. B2Gold purchased the mine in 2009, with the acquisition of Central Sun Mining, and the 19,200-hectare El Limon Mine is 95% B2Gold and 5% IMISA. The 2018 production forecast is between 55,000 to 60,000 ounces of gold.

B2Gold's Quality Assurance/Quality Control

The primary laboratory for El Limon drilling program is Bureau Veritas Minerals in Vancouver, Canada. Core samples are prepared at El Limon preparation facility with the pulp sent to Vancouver and analysed using 30g fire assay with atomic absorption finish as well as multi-element ICP-MS analyses. SGS Laboratories in Medellin, Colombia, is the umpire laboratory.

Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the core sample strings. The results of the control samples are evaluated on a regular basis with batches re-analysed and/or resubmitted as needed. All results stated in this announcement have passed B2Gold's quality assurance and quality control ("QA/QC") protocols.

Tom Garagan, Senior Vice President of Exploration, is the Qualified Person as defined under National Instrument 43-101, who has reviewed and approved the contents of this news release.

About B2Gold

Headquartered in Vancouver, Canada, B2Gold Corp. is the world's new senior gold producer. Founded in 2007, today, B2Gold has five operating gold mines and numerous exploration and development projects in various countries including Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland. With the large, low-cost Fekola Mine now in production, B2Gold is well positioned in achieving transformational growth in 2018. In 2018, with the planned first full year of production from the Fekola Mine, consolidated gold production is forecast to be between 910,000 and 950,000 ounces. This represents an increase in annual consolidated gold production of approximately 300,000 ounces for the Company in 2018 versus 2017.

ON BEHALF OF B2GOLD CORP.

"Clive T. Johnson"
President and Chief Executive Officer

For more information on B2Gold please visit the Company website at www.b2gold.com or contact:

Ian MacLean
Vice President, Investor Relations
604-681-8371
[e-mail]

Katie Bromley
Manager, Investor Relations & Public Relations
604-681-8371
[e-mail]

[KMST]

B2Gold Reports Strong Fourth Quarter and Full-Year 2017 Results; 2018 Outlook Provides for Very Strong Production Growth with Forecast Gold Production of Between 910,000 and 950,000 Ounces

VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- B2Gold Corp. (BTG) (TSX:BTO) (NYSE AMERICAN:BTG) (NSX:B2G) (“B2Gold” or the “Company”) is pleased to announce its operational and financial results for the fourth quarter and year-end December 31, 2017. The Company previously released its gold production and gold revenue results for the fourth quarter and full-year 2017, in addition to its production and cash cost guidance for 2018 (see news release dated 1/11/18). All dollar figures are in United States dollars unless otherwise indicated.

2017 Full-Year Highlights

Record annual consolidated gold production, for the ninth consecutive year, of 630,565 ounces of gold (including 79,243 ounces of pre-commercial production1 from Fekola), exceeding the upper end of the revised guidance range (of 580,000 to 625,000 ounces) and well above the upper end of the original guidance range (of 545,000 to 595,000 ounces)

Annual consolidated gold revenue of $638.7 million (or an annual record of $739.5 million, including $100.9 million of pre-commercial production sales from Fekola)

Fekola Mine construction successfully completed in late September 2017, more than three months ahead of the original schedule

Fekola Mine achieved commercial production on November 30, 2017, one month ahead of the revised schedule and four months ahead of the original schedule

Fekola Mine gold production was 111,450 ounces in 2017 (including pre-commercial production), far surpassing the upper end of its original guidance range (of 45,000 to 55,000 ounces)
Fekola Mine achieves cash operating costs (see “Non-IFRS Measures”) of $277 per ounce and all-in sustaining costs (“AISC”) (see “Non-IFRS Measures”) of $419 per ounce (including pre-commercial results)

Masbate Mine achieves near-record annual gold production of 202,468 ounces and Otjikoto Mine achieves record annual gold production of 191,534 ounces

B2Gold’s full-year consolidated cash operating costs of $542 per ounce (including Fekola’s pre-commercial production results) were well below guidance of between $610 and $650 per ounce

B2Gold’s full-year consolidated AISC of $860 per ounce (including Fekola’s pre-commercial production results) were well below guidance of between $940 and $970 per ounce

Cash flow from operating activities (after non-cash working capital changes) of $155.0 million ($0.16 per share); additionally, sales of pre-commercial production from Fekola, which were included in investing activities rather than cash flow from operating activities, generated net proceeds of $73.4 million ($100.9 million of sales revenue net of related production costs of $27.5 million)

Strong cash position of $147.5 million at year-end

With the planned first full year of production from the Fekola Mine, the Company’s outlook for 2018 provides for dramatic production growth, with consolidated production expected to be between 910,000 and 950,000 ounces of gold; cash operating costs and AISC are expected to remain low and be between $505 and $550 per ounce and between $780 and $830 per ounce, respectively

Beginning in 2018, on average over the next three years, the Company is projecting per annum gold sales revenues of approximately $1.2 billion, cash flow from operations of close to $0.5 billion and a significant increase in free cash flow (operating cash flows less investing cash flows)

In 2018, B2Gold’s strategy will focus on organic growth through the expansion of its existing mines and further brownfields exploration and grassroots exploration

https://globenewswire.com/news-release/2018/03/15/1437718/0/…

[freddy1989]

Antwort auf Beitrag Nr.: 57.287.464 von KMST am 15.03.18 13:32:26

Was haltet ihr von den Zukunftsaussichten der Firma

Hier nochmal ein Video



http://www.deraktionaer.tv/video/goldexperte-bussler-eine-ne…


https://www.wallstreet-online.de/nachricht/10386482-investor…

[ewre]

Antwort auf Beitrag Nr.: 57.383.633 von freddy1989 am 26.03.18 01:31:56

Hallo ,
im Moment reichen vermutlich 2 Worte :
Mali , Fekola .

Davon abgesehen , nach Studium aller bekannten Fakten zu B2Gold meiner Meinung nach
wohl absolut kaufenswert.

LG , ewre

[sinsala1986]

B2Gold im Vergleich mit 30 anderen Goldproduzenten bzgl. Produktionsmenge, Produktionskosten sowie Finanzergebnis für die Quartale Q1, Q2, Q3, Q4 und das Gesamtjahr 2017.

Link

http://copesetic.de/goldproduzenten-q1-q4-2017/

Viel Spaß beim Studieren!

[KMST]

B2Gold Reports Record First Quarter Gold Production and Revenue in 2018; Quarterly Gold Production Increase of 81% to 240,000 Ounces and Revenues More than Double to $344 Million

Vancouver, British Columbia--(Newsfile Corp. - April 11, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its gold production and gold revenue for the first quarter of 2018. All dollar figures are in United States dollars unless otherwise indicated.

First Quarter 2018 Highlights

Record quarterly consolidated gold production of 239,684 ounces, a significant increase of 81% (or 106,948 ounces) over the same period last year, and 7% (or 16,252 ounces) above budget, due to the continued strong performances of the Fekola Mine in Mali, Masbate Mine in the Philippines and the Otjikoto Mine in Namibia
Record quarterly consolidated gold revenue of $344.3 million, a significant increase of 135% (or $198.0 million) over the same period last year
Fekola Mine continued to operate above plan since achieving commercial production on November 30, 2017, producing 114,142 ounces of gold in the quarter, 11% (or 11,228 ounces) above budget
B2Gold is well on target to achieve transformational growth in 2018 and meet its annual guidance of between 910,000 and 950,000 ounces of gold production in 2018 at cash operating costs (see “Non-IFRS Measures”) of between $505 and $550 per ounce and all-in sustaining costs (“AISC”) (see “Non-IFRS Measures”) of between $780 and $830 per ounce

Gold Production

With the large, low-cost Fekola Mine now in production, consolidated gold production in the first quarter of 2018 was a quarterly record of 239,684 ounces, a significant increase of 81% (or 106,948 ounces) over the same period last year, and 7% (or 16,252 ounces) above budget. In its first full quarter of operations (after achieving commercial production on November 30, 2017, within only 60 days from start-up), the new Fekola Mine continued to operate above plan, producing 114,142 ounces of gold in the first quarter of 2018, 11% (or 11,228 ounces) above budget. The Masbate Mine and Otjikoto Mine also had a solid start to the year with both mines exceeding their targeted production levels for the quarter.

B2Gold is well on target to achieve transformational growth in 2018. For full-year 2018, with the planned first full year of production from the Fekola Mine, consolidated gold production is forecast to be between 910,000 and 950,000 ounces. This represents an increase in annual consolidated gold production of approximately 300,000 ounces in 2018 from 2017. The Company's forecast consolidated cash operating costs are expected to remain low in 2018 and be between $505 and $550 per ounce, and AISC are expected to decrease by approximately 6% from 2017 and be between $780 and $830 per ounce.

The Fekola Mine is the Company's largest and lowest-cost producer. The resulting increase in production levels combined with low costs are projected to dramatically increase B2Gold's production, revenues, cash from operations and cash flow for many years, based on current assumptions (including a gold price assumption of $1,300 per ounce). On average over the next three years, beginning in 2018, the Company is projecting per annum gold sales revenues of approximately $1.2 billion, cash flow from operations of approximately $0.5 billion and a significant increase in free cash flow (operating cash flows less investing cash flows).

Gold Revenue

Consolidated gold revenue in the first quarter of 2018 was a quarterly record of $344.3 million on record sales of 259,837 ounces at an average price of $1,325 per ounce compared to $146.3 million on sales of 119,937 ounces at an average price of $1,219 per ounce in the first quarter of 2017. This significant increase in revenue of 135% (or $198.0 million) was attributable to the new production from the Fekola Mine, as well as a 9% increase in the average realized gold price and the timing of gold shipments (including 27,450 ounces sold in the quarter which related to Fekola's December 31, 2017, finished gold inventory).

Consolidated gold revenue for the first quarter of 2018 included $15 million relating to the delivery of gold into the Company's Prepaid Sales contracts (accounted for as deferred revenue). During the quarter, 12,908 ounces of gold were delivered under these contracts.

Operations

Mine-by-mine gold production in the first quarter of 2018 was as follows:
Mine Q1 2018
Gold Production
(ounces) (1) 2018
Annual Production Guidance
(ounces) (1)
Fekola 114,142 400,000 - 410,000
Masbate 53,147 180,000 - 190,000
Otjikoto 39,499 160,000 - 170,000
La Libertad 19,367 115,000 - 120,000
El Limon 13,529 55,000 - 60,000



B2Gold Consolidated 239,684 910,000 - 950,000

(1) B2Gold's Q1 2018 production results and 2018 annual production guidance are presented on a 100% basis


Fekola Gold Mine — Mali

In its first full quarter of operations (after achieving commercial production on November 30, 2017, within only 60 days from start-up), the new Fekola Mine in Mali continued to demonstrate strong, sustained operational performance by running above plan on mill feed grade, throughput and recoveries. This resulted in the Fekola Mine producing 114,142 ounces of gold in the first quarter of 2018, 11% (or 11,228 ounces) above budget. Mill feed grade, throughput and recoveries were 2.84 grams per tonne ("g/t") (compared to budget of 2.76 g/t), 1,316,818 tonnes (compared to budget of 1,249,474 tonnes) and 94.8% (compared to budget of 92.7%), respectively. Throughout the quarter, the operation continued to improve with many construction personnel making the transition to operations, together with training and skills development in all departments. Currently, there are approximately 1,848 employees on site and, of these, approximately 93% are Malian. The Fekola Mine also continued its outstanding safety performance, achieving 694 days without a Lost-Time-Injury by quarter-end.

Fekola's very rapid and successful ramp-up has surpassed the Company's expectations. On September 25, 2017, the Company announced that its in-house construction team had completed construction of the Fekola mill on budget and commenced ore processing at the Fekola Mine, more than three months ahead of the original schedule. The first gold pour at the Fekola Mine was achieved on October 7, 2017. On November 30, 2017, the Fekola Mine achieved commercial production, one month ahead of the revised schedule and four months ahead of the original schedule. Gold production from the Fekola Mine in 2017 was 111,450 ounces (including 79,243 ounces of pre-commercial production), more than doubling the upper end of its original 2017 guidance range (of 55,000 ounces) due to its early start-up, high-quality construction and faster than expected ramp-up.

For full-year 2018, the Fekola Mine is forecast to produce between 400,000 and 410,000 ounces of gold at cash operating costs of between $345 and $390 per ounce and AISC between $575 and $625 per ounce.

Positive drill results from the Company's 2017 exploration program at the Fekola area (see news release dated 11/9/2017) indicated that the main Fekola deposit, with additional drilling, could extend significantly to the north. In addition, drilling below the extensive saprolite resource at the Anaconda zones has discovered four, well-mineralized bedrock (sulphide) zones, indicating the potential for large, Fekola-style mineralized zones.

The Company's 2018 exploration budget for Mali is approximately $15.1 million, focusing on the Fekola North Extension zone and sulphide targets below the Anaconda saprolite zones. The Company expects to release the results from a series of additional drill holes from its Mali exploration program before the end of April 2018. In addition, the Company anticipates releasing more drill results for the Fekola North Extension zone and Anaconda zones around mid-year.

Masbate Gold Mine — Philippines

The Masbate Mine in the Philippines continued its strong operational performance into the first quarter of 2018, producing 53,147 ounces of gold, 12% (or 5,854 ounces) above budget and 1% (or 585 ounces) higher compared to the prior-year quarter. The increase was mainly due to higher than expected oxide ore tonnage from Vein 5 of the Colorado Pit which positively impacted processing recoveries and throughput. Oxide ore represented 78% of the processed tonnage for the quarter versus budget of 50%. The Masbate Mine also continued its outstanding safety performance, achieving almost two and a half years (898 days) without a Lost-Time-Injury by quarter-end.

For the quarter, mill throughput was 1,792,579 tonnes (compared to budget of 1,706,064 tonnes and 1,704,001 tonnes in the first quarter of 2017) and gold recoveries averaged 78.5% (compared to budget of 72.1% and 74.8% in the first quarter of 2017). The average grade processed was 1.17 g/t compared to budget of 1.20 g/t and 1.28 g/t in the first quarter of 2017. As expected, grades were higher in the prior-year quarter which was attributable to the high-grade ore from the Main Vein Stage 1 Pit which is no longer in production as scheduled.

For full-year 2018, the Masbate Mine is expected to produce between 180,000 and 190,000 ounces of gold at cash operating costs of between $675 and $720 per ounce and AISC of between $875 and $925 per ounce.

A detailed capital cost estimate of $25.5 million was recently completed by Lycopodium Ltd., working with the Company's engineering team, for the expansion of the Masbate processing plant to 8 million tonnes per year ($23 million in 2018 and $2.5 million in 2019). The expansion, which is being conducted by B2Gold's in-house team, primarily consists of adding a third ball mill and upgrading the existing crushing circuit. The ball mill is currently on site, with preliminary works planned to commence in the second quarter of 2018. No addition to the mining fleet is required as the additional feed will come from the lower-grade material that was in the original mine plan but was scheduled to be stockpiled. When the expansion is online (expected in early 2019), it is projected to keep Masbate's annual gold production near 200,000 ounces per year during the mining phase, and is expected to keep gold production above 100,000 ounces per year when the low-grade stockpiles are processed at the end of the open-pit mine life.

The Company has a successful track record of adding reserves and resources at its operations (and thereby extending mine life) through exploration. The Masbate exploration budget for 2018 is approximately $5.1 million, including 12,000 metres of diamond drilling. The drilling is divided into brownfields drilling to upgrade resources within the mine licence and on regional targets.

Otjikoto Gold Mine — Namibia

The Otjikoto Mine in Namibia also had a strong start to the year (following a record year of gold production in 2017) with first quarter gold production of 39,499 ounces which was above budget by 6% (or 2,174 ounces). Mill throughput, recoveries and processed grade were all slightly above budget, as the mine continues to incrementally optimize its operations. Compared to the prior-year quarter, gold production was lower by 8% (or 3,275 ounces), as planned, due to a negligible amount of Wolfshag ore being mined in 2018 while Phase 2 of the Wolfshag Pit is being developed. Ore production is planned to resume again from the Wolfshag Pit in 2019 which is projected to provide higher grade open-pit mill feed. The Otjikoto mill continued to operate well, processing 827,227 tonnes (Q1 2017 — 832,805 tonnes) in the quarter at an average grade of 1.51 g/t (Q1 2017 — 1.62 g/t) with gold recoveries averaging 98.7% (Q1 2017 — 98.6%).

For full-year 2018, the Otjikoto Mine is expected to produce between 160,000 and 170,000 ounces of gold, primarily from the Otjikoto Pit, at cash operating costs of between $480 and $525 per ounce and AISC of between $700 and $750 per ounce.

Geotechnical, hydrogeological and design studies for Wolfshag have been completed, based on an updated resource model, resulting in a larger open pit than previously reported. Mining at Wolfshag commenced in late 2016 and Wolfshag ore provided a significant component of the Otjikoto mill feed in 2017. Updated Wolfshag mineral reserves and resources were reported in the Company's recent Annual Information Form, dated March 23, 2018, with 372,000 ounces of Probable Mineral Reserves (4.29 million tonnes at an average grade of 2.70 g/t, on a 90% attributable basis) remaining in the Wolfshag open pit, as at December 31, 2017. This updated reserve, based on the larger Wolfshag open-pit design, includes an additional 132,000 ounces of Probable Mineral Reserves (1.42 million tonnes at an average grade of 2.88 g/t, on a 90% attributable basis) within Wolfshag Phase 4. In addition, the Wolfshag mineral resource remains open down-plunge and may be exploitable in the future by underground mining.

The Company's total exploration budget for Namibia in 2018 is $5.1 million. Exploration in 2018 will include 17,000 metres of diamond drilling and 4,000 metres of RAB drilling, split between the Otjikoto Project and the Ondundu joint venture.

La Libertad Gold Mine — Nicaragua

La Libertad Mine in Nicaragua produced 19,367 ounces of gold in the first quarter of 2018, 10% (or 2,128 ounces) below budget and 32% (or 9,172 ounces) lower than the first quarter of 2017. Gold production at La Libertad has been affected by permitting delays for new mining areas. However, mine permits are now in place for all open pit and underground operations with the exception of the Jabali Antenna Pit. The San Diego mining permit was received in February 2018 and the pit is now fully operational. Gold production at La Libertad was slightly above budget for the month of March, as the mill benefitted from increased sources and volume of open-pit ore. Jabali Antenna Underground remains under development with the planned ventilation raise now complete. Access ramp development has advanced approximately two months ahead of original schedule for 2018, as a result of an early start by the underground mining contractor. The Company expects to begin processing ore from Jabali Antenna Underground in July.

For full-year 2018, La Libertad Mine is expected to produce between 115,000 and 120,000 ounces of gold at cash operating costs of between $745 and $790 per ounce and AISC of between $1,050 and $1,100 per ounce. La Libertad's production forecast assumes that production will start from the Jabali Antenna Pit in the third quarter of 2018 (dependent upon the successful completion of resettlement activities and receipt of the remaining mining permits). Current plans at La Libertad include mining and processing into 2020, with a combination of mineral reserves and mineral resources. The Company has a successful track record of converting its mineral resources to reserves, and exploration of additional mineral targets continues. Mineral resources that are not mineral reserves do not yet have demonstrated economic viability.

La Libertad's exploration budget for 2018 is approximately $4.8 million for a total of 9,000 metres of planned diamond drilling. The program is split between infill (near-mine) drilling and drilling on several regional targets.

El Limon Gold Mine — Nicaragua

El Limon Mine in Nicaragua produced 13,529 ounces of gold in the first quarter of 2018, slightly below budget (of 14,405 ounces) and 53% (or 4,668 ounces) higher than the first quarter of 2017. During 2017, El Limon's production was affected by operational issues, including underground water pumping breakdowns, which had delayed high-grade ore flow from Santa Pancha Underground. Management changes were made at El Limon and mining operations returned to budgeted (normal) production rates in the fourth quarter of 2017, with operational improvements including the successful rehabilitation of the Santa Pancha 1 dewatering well. The mining permit for the new Mercedes Pit was recently received in December 2017, and the pit is now fully operational, accounting for over 30% of the mined ounces for the quarter.

For full-year 2018, El Limon is expected to produce between 55,000 and 60,000 ounces of gold at cash operating costs of between $700 and $750 per ounce and AISC of between $1,135 and $1,185 per ounce.

On February 23, 2018, the Company announced the newly-discovered El Limon Central zone. Historical records had indicated that parts of the Central zone had been mined underground in past decades. However, the Company's recent exploration success at the Central zone demonstrated that underground mining was much more limited than previously thought. As a result, on February 23, 2018, the Company announced a positive initial open-pit Inferred Mineral Resource at El Limon Central zone of 5,130,000 tonnes at a grade of 4.92 g/t of gold containing 812,000 ounces of gold (100% basis) (see news release dated 2/23/18). The Central zone, at its closest point, is approximately 150 metres from El Limon mill facility, extending southeast and northwest, adjacent to existing plant and administrative infrastructure. This large, good grade, resource has the potential to decrease El Limon's cash operating costs per ounce and AISC per ounce, and significantly increase its mine life and potentially lead to mill expansion. The Company is currently conducting additional metallurgical testing on El Limon Central ore samples and a study to evaluate the potential to expand El Limon throughput to significantly increase annual gold production. The study results are expected by mid-2018.

El Limon central vein structure has been drill tested along a 2.2-kilometre strike length so far, and remains open to depth and along strike, and will be further drill tested during 2018. El Limon's exploration budget for 2018 is approximately $7.0 million for a total of 25,000 metres of planned diamond drilling to further infill at the Central zone and to further explore the structure along strike where it remains open.

Outlook

Looking forward, the Company will remain focused on continuing its impressive operational and financial performance from existing mines, pursuing expansion opportunities at existing operations and continuing with aggressive exploration and development programs to unlock the potential of its existing portfolio of properties.

[KMST]

B2Gold Announces Positive Exploration Drill Results from Fekola North Extension Zone and Resource Infill Drilling

VANCOUVER, B.C., April 18, 2018 (GLOBE NEWSWIRE) -- B2Gold Corp. (BTG) (TSX:BTO) (NYSE AMERICAN:BTG) (NSX:B2G) (“B2Gold” or the “Company”) announces positive exploration drill results from the Fekola North Extension Zone extending gold mineralization to one kilometer north of the Fekola Reserve pit boundary and continuing successful resource infill drilling.

Highlights

This news release should be read in conjunction with the Fekola and Fekola North Extension schematic long section (see below or on our website with today’s news release at http://www.b2gold.com/news/2018/)

Recent positive drilling results in the Fekola North Extension significantly increases resource potential of the Fekola Deposit extending mineralization up to one kilometre north of the reserve pit.

Good-grade gold mineralization is hosted in shallow, north-plunging shoots, the same structural setting as higher-grade ore shoots in the Fekola Deposit, and remains open to the north.

New drill results to the North of the Fekola Resource pit boundary indicate the main higher-grade Fekola ore shoot is thicker and extends closer to surface than previously projected.

New good-grade drill results from infill drilling within the resource pit boundary continue to convert inferred resources to indicated category.

Fekola North Extension Exploration

A total of approximately 10,000 metres of diamond drilling have now been completed this year in the Fekola North extension. These drill results, combined with previous results, continue to convert resources to reserves within the resource pit boundary and further expand the Fekola North extension zone mineralization to now at least one km north of the Fekola reserve pit boundary, and approximately 900 metres north of the current resource pit boundary. (see longitudinal section, in the news release, and the B2Gold website (www.b2gold.com).

These drill results along with previous results confirm the potential for the Fekola deposit to increase in size significantly to the north, and indicate the potential, with further drilling for a larger open-pittable resource and reserve.

Fekola Resource Conversion
(See longitudinal section)

Infill drilling is ongoing at Fekola and continues to convert inferred resources to indicated category within the resource pit boundary. The current resource pit boundary extends beyond the Fekola reserve pit boundary approximately 50 metres below the reserve, 150 metres to the north and approximately 600 metres to the north (formerly Kiwi zone), from surface to 50 metres depth. The resource pit extension contains 720,000 ounces in the indicated category and 180,000 ounces in the inferred category, for a total potential increase of 900,000 ounces of gold1.

The recent drilling intercepted higher gold grades, in wider intercepts, than had been projected from previous drill results.

Hole ID From (m) To (m) Length (m) Gold (g/t)
FKD_242 317.30 396.00 78.70 3.20
FKD_241 308.20 395.00 86.80 3.95
FKD_239 307.00 374.00 67.00 3.10
FKD_244 246.00 295.00 49.00 1.39
FKD_246 240.70 264.00 23.30 1.60


Infill drilling is ongoing.

Fekola North Extension

The Fekola North Extension adjoins the Fekola resource pit and extends up to one kilometre north of the Fekola reserve pit. The structural setting at Fekola North Extension is identical to that hosting the bulk of the high-grade ore in the Fekola Deposit. Recent drilling beyond the resource pit boundary to the north, along with previous drilling, has confirmed that the higher-grade Fekola mineralized shoot extends further north, in holes such as 248, 245, 250, and 253. Holes 250 and 253 are approximately 750 metres from the resource pit boundary (see table below). In addition, holes 264, 254, 261, 262 256, 258, 251 and 255 demonstrate the higher-grade shoot extends closer to surface than previously modelled, positively filling a portion of the gap between the higher-grade shoot and the shallow mineralization above, in the resource pit.

Highlights of Fekola North extension drill results:



Hole ID From (m) To (m) Length (m) Gold (g/t)
FKD_238 328.00 390.40 62.40 2.66
FKD_243 260.00 331.40 71.40 1.40
FKD_245 344.00 394.40 50.40 2.41
FKD_248 392.00 433.00 41.00 2.71
FKD_250 528.00 554.00 26.00 1.18
FKD_251 412.00 477.00 35.00 1.95
FKD_253 486.20 517.00 30.80 4.10
FKD_254 270.00 319.10 49.10 2.59
FKD_255 397.30 445.77 48.47 1.23
FKD_256 285.00 319.00 34.00 2.01
FKD_258 304.00 339.20 35.20 2.06
FKD_261 265.70 278.00 12.30 2.23
FKD_262 302.00 342.00 43.00 2.29
FKD_264 293.00 340.30 47.30 2.63


Fekola and Fekola North Extension Schematic Long Section Map

To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/3906/34100_a1524045554…

Drilling continues, and will be ongoing through the rest of 2018, to further define the Fekola North extension and further infill drill the Fekola resource. The Company will continue to release material drill results, as they become available and expects to release an updated Fekola mineral resource in the third quarter of 2018.

In addition to Fekola, the 2018 Mali exploration budget includes $7.5 million for further drilling on the Anaconda zones, in the Fekola region. The drill program is well underway and is returning positive additional results from the near-surface saprolite zones and the good gold grade bedrock zones, beneath the saprolite. Further results will be released later in the year.

[supernova1712]

B2Gold Reports Strong First Quarter 2018 Results; Significant Beat Against Budget for Cash Operating Costs and AISC and Dramatic Increase in Cash Flows from Operating Activities to $147 Million

Record Quarterly Gold Production of 240,000 ounces and Record Quarterly Revenues of $344 Million

https://www.newsfilecorp.com/release/34560/" target="_blank" rel="nofollow ugc noopener">https://www.newsfilecorp.com/release/34560/

Freundliche Grüße
supernova

[supernova1712]

http://www.b2gold.com/news/2018/


Jul 11, 2018
B2Gold Reports Continued Very Strong Second Quarter & First-Half 2018 Gold Production
Second Quarter Gold Production Doubles to 240,000 Ounces;
Gold Revenues Increase by $121 Million to $285 Million

Freundliche Grüße
supernova