{"id":1094580,"date":"2019-01-16T14:09:11","date_gmt":"2019-01-16T14:09:11","guid":{"rendered":"http:\/\/www.mining.com\/?p=963737"},"modified":"2019-01-16T14:09:11","modified_gmt":"2019-01-16T14:09:11","slug":"b2gold-hits-record-gold-output-in-2018-thanks-to-new-mali-mine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1094580","title":{"rendered":"B2Gold hits record gold output in 2018 thanks to new Mali mine"},"content":{"rendered":"<p>Mid-tier Canadian miner\u00a0B2Gold (TSX:BTO)(NYSE: BTG) <a href=\"http:\/\/www.b2gold.com\/news\/2019\/index.php?content_id=715\"  rel=\"noopener\">reported Wednesday record gold production in 2018<\/a> of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.<\/p>\n<p>This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51% thanks to the contribution of its 80%-owned Fekola mine in southwestern Mali.<\/p>\n<p><q class='pullQuote-right'>This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%.<\/q><\/p>\n<p>Full-year consolidated gold revenue totalled $1.2 billion ore 92% more than in 2017, marking a new company record.<\/p>\n<p>In its first full year of commercial production, Fekola exceeded expectations, as it produced 439,068 ounces, while B2Gold \u00a0expected a maximum of 430,000 ounces.<\/p>\n<p>The company\u2019s Masbate mine in\u00a0the Philippines\u00a0also topped guidance, achieving record yearly gold production of 216,498 ounces.<\/p>\n<p>B2Gold\u2019s other African asset, the Otjikoto in Namibia, produced\u00a0167,346 ounces, reaching the mid-point of its production guidance range.<\/p>\n<p>For 2019, the miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between\u00a0$835\u00a0and\u00a0$875\u00a0per ounce.<\/p>\n<p>The company noted it planned a year of aggressive exploration,\u00a0 with a budget of approximately $43 million, from which almost half will be spent in Mali, Burkina Faso and Ghana.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/b2gold-hits-record-gold-output-2018-thanks-new-mali-mine\/\">B2Gold hits record gold output in 2018 thanks to new Mali mine<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between&nbsp;$835&nbsp;and&nbsp;$875&nbsp;per ounce.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/b2gold-hits-record-gold-output-2018-thanks-new-mali-mine\/\">B2Gold hits record gold output in 2018 thanks to new Mali mine<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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