BTO:CC - B2Gold reaffirms 2022 guidance and reports Q3 gold production 227016 ounces

• B2Gold ( NYSE: BTG ) reported Monday that its total gold production in Q3 2022 was 227,016 ounces, down 27% compared to Q3 2021 and less than planned due to challenges at Fekola and Otjikoto.
• The company said that the Fekola gold mine in Mali produced 129,933 ounces in Q3 2022, lower than planned due to a challenging rainy season in West Mali which delayed access to higher grade ore from Fekola Phase 6.
• However, Fekola to benefit from access to higher grade ore in Q4 2022, it added.
• B2Gold’s Otjikoto gold mine in Namibia produced 35,068 ounces in Q3 2022, lower than planned mainly due to delays in bringing the Wolfshag Underground mine into production.
• Gold production is forecast to significantly increase in the fourth quarter of 2022 when mining reaches a higher grade zone in the Otjikoto pit and stope ore production commences from the Wolfshag Underground mine.
• The company also reported that its Masbate gold mine in the Philippines remains on target to achieve its previously revised 2022 guidance and produced 49,902 ounces in Q3 2022.
• The company reaffirmed, its total gold production for 2022 anticipated to be between 990,000 to 1,050,000 ounces.

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