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BTG - B2Gold News Story

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Last Trade - 2:36pm

Sector
Basic Materials
Size
Large Cap
Market Cap £5.85bn
Enterprise Value £5.92bn
Revenue £970.1m
Position in Universe 886th / 6368

BRIEF-B2Gold Corp Reports Record Quarterly Total Gold Production Of 262,632 Oz

Thu 9th April, 2020 1:40am
April 8 (Reuters) - B2Gold Corp  BTO.TO :
    * REPORTS RECORD QUARTERLY TOTAL GOLD PRODUCTION OF 262,632
OZ AND
RECORD QUARTERLY GOLD REVENUE OF $380 M FROM ITS MINES FOR THE
FIRST QUARTER OF 2020; REMAINS ON TRACK TO MEET ANNUAL GUIDANCE
OF 1,000,000 TO 1,055,000 OZ OF TOTAL GOLD PRODUCT
    * TO DATE HAS NOT EXPERIENCED ANY INCIDENTS OF COVID-19
VIRUS AT
ITS SITES OR CORPORATE OFFICES
    * 2020 Q1 CONSOLIDATED GOLD PRODUCTION OF 250,632 OUNCES UP
25%
(50,090 OUNCES) OVER Q1 OF 2019
    * ON APRIL 8, 2020, COMPLETED DRAW-DOWN OF ADDITIONAL $250
MILLION
ON ITS REVOLVING CREDIT FACILITY BRINGING TOTAL AMOUNT DRAWN TO
$425 MILLION
    * EXPECTS TO HAVE OPTION TO REPAY ENTIRE DRAWN RCF BALANCE
DURING
YEAR AND FINISH 2020 IN A STRONG NET POSITIVE CASH POSITION
    * EXPECTS TO GENERATE CASHFLOWS FROM OPERATING ACTIVITIES OF
MORE
THAN $700 MILLION IN 2020
    * 2020 CONSOLIDATED CASH OPERATING COSTS ARE FORECAST TO BE
BETWEEN $415 AND $455 PER OUNCE
    * 2020 CONSOLIDATED ALL-IN SUSTAINING COSTS ("AISC") ARE
FORECAST
TO BE BETWEEN $780 AND $820 PER OUNCE

Source text for Eikon:  ID:nCNW6vpXba 
Further company coverage:  BTO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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