AIRRF - B2Gold rallies as Q3 production tops expectations full-year guidance raised

B2Gold (BTG +3.1%) jumps after raising its full-year guidance following a strong Q3 as gold production came in above target. B2Gold now sees FY 2021 gold production of 1.015M-1.055M oz., including 50K-60K attributable oz. projected from Calibre, from original guidance of 970K-1.03M oz. The miner raises full-year gold production guidance for the Fekola mine to 560K-570K oz. from its previous outlook of 530K-560K oz. and the Masbate mine to 215K-225K oz. from 200K-210K oz. originally. B2Gold says it expects to generate $630M in cash flows from operating activities for the year, including ~$500M in H2, based on an average gold price of $1,800/oz. For Q3, consolidated gold production from the company's three operating mines came in 7% above expectations, including record quarterly gold production at both the Fekola mine with 165.5K oz. and the Otjikoto mine with 68.9K oz. Meanwhile, B2Gold says it exercised its option to acquire an additional

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B2Gold rallies as Q3 production tops expectations, full-year guidance raised