- Write by:
-
Saturday, January 21, 2023 - 20:25:52
-
176 Visit
-
Print
Mining News Pro - B2Gold (TSX: BTO) produced 1.03 million oz. gold last year with 367,870 oz. or about 36% of the total coming from the fourth quarter.
Annual production, which included 54,871 oz. of attributable production from Calibre Mining (TSX: CXB), was within B2Gold’s production guidance for the year of 990,000-1.05 million oz. and marked the seventh consecutive year that the company has met or exceeded guidance.
Of its three operating mines — Fekola in Mali, Masbate in the Philippines and Otjikoto in Namibia — Fekola was the stand-out, with record fourth-quarter production of 244,014 oz. and full-year production of 598,661 ounces. High-grade ore from Fekola’s open pit Phase 6 resulted in monthly production records in October and November.
The company expects its 2022 cash operating costs will be in the upper end of its original guidance of $620-$660 per oz., while total consolidated all-in-sustaining costs will come within its guidance range of $1,010-$1,050 per ounce.
This year B2Gold expects total production of 1.0-1.08 million oz., including 60,000-70,000 oz. of attributable production from Calibre Mining, in which it holds a 25% stake.
It forecasts total consolidated cash operating costs this year of $670-$730 per oz., up from 2022 due to inflation. AISCs are forecast to run to $1,195-$1,255 per ounce in 2023.
The company is allocating $64 million for exploration this year, with a focus on areas near its operating mines. But it will also continue to explore its early-stage projects in Finland and Cote d’Ivoire.
Management notes that it also will be working on “target generation and pursuing new opportunities” in gold regions in Africa, South America, the Philippines, Central Asia and Canada.
Short Link:
https://www.miningnews.ir/En/News/622604
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding ...
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
No comments have been posted yet ...