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(Wallace Refiners) – B2Gold (TSX: BTO) today announced record annual consolidated gold production from the company’s three operating mines of 995,258 ounces, at the upper end of the guidance range of between 955,000 – 1,005,000 ounces, and significantly higher (by 17% or 144,142 ounces) over 2019 (excluding discontinued operations), marking the twelfth consecutive year of record annual consolidated gold production.
The company’s annual consolidated cash flow provided by operating activities was at record level reaching $951 million in 2020, a significant increase of $459 million (93%) over 2019.
Net income of $672 million (including a net impairment reversal for the Masbate mine of $122 million) was 113% higher compared to $316 million in 2019, and net income attributable to the shareholders of the company was $628 million ($0.60 per share).
B2Gold’s Board declared a cash dividend for the first quarter of 2021 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on March 16, 2021 to shareholders of record as of March 8, 2021.
In 2021, B2Gold expects to produce between 970,000 – 1,030,000 ounces of gold (including attributable ounces projected from Calibre of between 50,000 – 60,000 ounces).
B2Gold is a senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has three operating gold mines and numerous exploration and development projects in various countries including the Philippines, Namibia, Mali and Colombia.
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