great results
B2Gold Corp. Reports Positive Third Quarter 2018 Results; Quarterly Operating Cash Flows Increase by $101 M (240%) to $143 M on Record Gold Production and Significantly Reduced All-In Sustaining Costs Financial Results & Earnings Gold AddThis Sharing Buttons Share to Google+Share to LinkedInShare to TwitterShare to FacebookShare to EmailShare to More TSX: BTO www.b2gold.com Mr. Clive Johnson reports: VANCOUVER, Nov. 6, 2018 /CNW/ - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its operational and financial results for the three and nine months ended September 30, 2018. The Company previously released its gold production and gold revenue results for the third quarter and first nine months of 2018 (see news release dated 10/11/2018). All dollar figures are in United States dollars unless otherwise indicated. 2018 Third Quarter Highlights Record quarterly consolidated gold production of 242,040 ounces, a significant increase of 78% (106,412 ounces) over the same period last year and in-line with budget, due to the continued strong performances of the Fekola Mine in Mali, Masbate Mine in the Philippines and the Otjikoto Mine in Namibia Consolidated gold revenue of $324 million, a significant increase of 110% ($170 million) over the same period last year Consolidated cash operating costs (see "Non-IFRS Measures") of $504 per ounce, in-line with budget and $59 per ounce (10%) lower than the prior-year quarter Consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") of $749 per ounce, in-line with budget and significantly lower by $172 per ounce (19%) than the prior-year quarter Consolidated cash flows from operating activities of $143 million ($0.14 per share), significantly increasing by $101 million (240%) from $42 million ($0.04 per share) in the prior-year quarter Net income of $16 million ($0.01 per share) and adjusted net income (see "Non-IFRS Measures") of $45 million ($0.05 per share) Fekola Mine continued to operate above plan, producing 107,002 ounces of gold in the quarter Masbate Mine's guidance revised favourably; for full-year 2018, the Masbate Mine is now forecast to produce between 200,000 to 210,000 ounces of gold (original guidance was between 180,000 to 190,000 ounces) Subsequent to the third quarter, the Company repaid in full its $259 million aggregate principal amount of convertible senior subordinated notes which matured on October 1, 2018 In October 2018, subsequent to the third quarter, the Company was granted the mine permit for the Limon Central Pit in Nicaragua and announced positive results from the Expansion Study at El Limon Mine and that a renewed collective agreement had been signed with El Limon labour unions