BTO:CC - B2Gold posts another record production in Q2; on track to meet annual total production guidance of 990000 to 1050000 oz

• B2Gold ( NYSE: BTG ) reports record total gold production of 223,623 oz. for Q2, above budget by 1%.
• Q2 consolidated gold production of 208,858 ounces from the company's three operating mines, in line with budget.
• Q2 consolidated gold revenue rose 5% Y/Y to $382M on sales of ~205.3K oz. at an average price of $1,861/oz., compared to $363M on sales of 200.1K oz. at an average price of $1,814/oz. in the same quarter last year.
• Fekola's mill throughput in the Q2 was a quarterly record of 2.42M tonnes, 8% above budget and 6% higher than the second quarter of 2021.
• Consolidated gold production from the company's three operating mines is expected to be significantly weighted to the second half of 2022 primarily due to the timing of higher-grade ore mining.
• Based on a strong first half, the company said it remains on track to meet its full-year total gold production guidance range of 990,000 - 1,050,000 oz., including 50K-60K attributable oz. projected from the Calibre mine, with total consolidated all-in sustaining costs of $870-$910/oz.
• B2Gold said it remains on track to meet or exceed the high end of its full-year total gold production guidance range of 970K-1.03M oz., including 40K-50K attributable oz. projected from the Calibre mine, with total consolidated cash operating costs of between $620 - $660 per ounce and total consolidated AISC of between $1,010 - $1,050 per ounce.
• The company will release its Q2 2022 financial results after the markets close on August 3, 2022.
• B2Gold - 60% upside potential on mali growth prospects, dirt cheap valuation, improving production profile. SA PRO Editors writes in an analysis published recently on Seeking Alpha .

• Read the full idea: B2Gold: Setting The Foundation For A Malian Mine Complex

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