B2Gold (BTG) Aims to Produce 1,055,000 Ounces of Gold in 2020

B2Gold Corp ’s BTG total gold production in the first nine months of the year was a record 738,939 ounces from all of its operating mines, 4% above the budget, reflecting year-over-year growth of 19%. Backed by the better-than-expected performance of its operating mines, B2Gold expects total consolidated gold production to come in toward the mid-point of its guided range of 1,000,000 and 1,055,000 ounces for the current year. A Sneak Peak at Q3 Output & Revenues

B2Gold recorded consolidated gold production of 248,733 ounces during the September-end quarter, 1% above the budget level, marking a year-over-year increase of 17%. The company witnessed solid performances across its Fekola, Masbate and Otjikoto mine operations in the third quarter, outpacing the respective targeted production for the quarter. The significant increase in gold production was primarily driven by the Fekola Mine in Mali.

Consolidated gold revenues in third-quarter 2020 were a record $487 […]

Click here to view original web page at finance.yahoo.com

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.