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Wednesday, February 24, 2021 - 6:40:42 PM
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Mining News Pro - Despite the challenges of the Covid-19 pandemic, Canada-headquartered gold miner B2Bold had a remarkable year of growth in 2020, achieving its twelfth consecutive year of record gold production, record revenue and net income doubling.
According to Mining News Pro -The miner, which operates in Africa, generated net income of $672-million in 2020, compared with $316-million in 2019.
Adjusted net income rose to $515-million, or $0.49 a share, compared with $219-million, or $0.22 a share, in 2019.
The company`s total gold production for 2020 was 1.04-million ounces, which was at the upper end of its guidance of between one-million and 1.06-million ounces. The significant increase in gold production was driven by the Fekola mine, in Mali, which produced a yearly record of 622 518 oz.
All-in sustaining cash costs (AISC) were $788/oz, compared with $862/oz in 2019.
B2Gold’s total gold production is forecast to be between 970 000 oz and 1.03-million ounces, including 50 000 oz to 60 000 oz projected from Calibre, in 2021, at an AISC of between $870/oz and $910/oz.
B2Gold`s board declared a cash dividend for the first quarter of 2021 of $0.04 a share.
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