Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – B2Gold (TSX: BTO) reported today that its total gold production in Q1 2022 was 209,365 ounces, down 5% compared to 220,644 ounces produced in Q1 2021 and above budget by 5%.
According to a press-release, compared to the first quarter of 2021, total consolidated gold production was lower by 5% as expected, due to the planned significant waste stripping campaign and lower mined ore tonnage at the Fekola Mine in the first quarter of 2022, as Phase 6 of the Fekola Pit continues to be developed in the first half of 2022.
B2Gold noted that consolidated gold production from the company’s three operating mines was 196,473 ounces, down 4% over Q1 2021 (205,643 ounces) and above budget by 4%, with each mine exceeding its budgeted production for the first quarter of 2022.
The company said that due to the timing of higher-grade ore mining, consolidated gold production from the company’s three operating mines is expected to be significantly weighted to the second half of 2022.
For full-year 2022, the company’s total gold production is forecast to be between 990,000 – 1,050,000 ounces (including 40,000 – 50,000 attributable ounces projected from Calibre) with total consolidated cash operating costs forecast to be between $620 – $660 per ounce and total consolidated AISC forecast to be between $1,010 – $1,050 per ounce.
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali and Colombia.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.