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B2Gold Corp. Reports

017 First Quarter Highlights

  • Consolidated gold production of 132,736 ounces, 6% (or 7,955 ounces) above budget and 4% (or 4,892 ounces) higher than the same period in 2016
  • Consolidated gold revenue of $146.3 million on sales of 119,937 ounces at an average price of $1,219 per ounce
  • Consolidated cash operating costs (see "Non-IFRS Measures") of $564 per ounce, $80 per ounce (or 12%) below budget
  • Consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") of $889 per ounce, $262 per ounce (or 23%) below budget
  • Cash flow from operating activities (after non-cash working capital changes) of $39.6 million ($0.04 per share)
  • Strong cash position of $103.2 million at quarter-end
  • Company is on track to meet its 2017 annual guidance of between 545,000 to 595,000 ounces of gold production
  • Fekola Project mine construction remains 3 months ahead of schedule for an anticipated October 1, 2017 production start and remains on budget
  • On March 29, 2017, received the 2016 Award for "Friend of the Environment" and the 2016 Award for "Exporter of the Year" in Nicaragua