CA - B2Gold racks up record Q4 production sees continued gains in 2023

B2Gold ( NYSE: BTG ) +1.9% in Thursday's trading after reporting Q4 gold production totaled a quarterly record of 367,870 oz, helped by a record performance at its Fekola mine in Mali.

Consolidated Q4 gold revenue totaled $592M on sales of 339,355 oz at an average realized gold price of $1,746/oz.

B2Gold ( BTG ) said Fekola produced 244K oz in Q4 and more than 598K oz for the full year, while the Otjikoto mine in Namibia produced more than 60K oz in Q4, helped by contribution of the Wolfshag underground mine as it achieved a monthly record of 30.5K of gold produced in December.

For the full year, the company said output totaled 1.03M oz, achieving the upper end of its guidance range.

B2Gold ( BTG ) said it expects to continue its strong operational performance in 2023 with total gold production forecast at 1M-1.08M oz, and all-in sustaining cost of $1,195-$1,255/oz, reflecting increased investments in Mali to support future growth of the Fekola complex.

B2Gold ( BTG ) is on track to meet its annual guidance and has a "monster quarter on deck" with record production, Taylor Dart writes in an analysis published on Seeking Alpha .

For further details see: