BTG - B2Gold reports Q2 earnings miss; reaffirms total consolidated gold production and cost guidance

• B2Gold press release ( NYSE: BTG ): Q2 Non-GAAP EPS of $0.04 misses by $0.02 .
• Revenue of $382M (+5.2% Y/Y) misses by $0.67M on sales of 205,300 ounces at an average realized gold price of $1,861 per ounce.
• Total gold production in the second quarter of 2022 was 223,623 ounce, slightly above budget by 1% (2,154 ounces), and consolidated gold production from the Company's three operating mines was 208,858 ounces, in line with budget.
• 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.
• Consolidated AISC for the second half of 2022 are now expected to be between $960 and $1,000 per ounce (original second half guidance range was between $820 to $860 per ounce).
• For full-year 2022, B2Gold remains well positioned for continued strong operational and financial performance and remains on track to achieve its total consolidated gold production guidance of between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre).
• The company's total consolidated costs guidance ranges for full-year 2022 remain unchanged with total consolidated cash operating costs forecast to be at the upper end of the company's guidance range of between $620 and $660 per ounce and total consolidated AISC forecast to be within the company's guidance range of between $1,010 and $1,050 per ounce.

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