B2Gold Achieved Gold Output and Consolidated Cost Guidance in 2024

SEATTLE (Scrap Monster):  B2Gold Corp., a Vancouver, British Columbia-based company, reported its financial and operational performance for the fourth quarter and the entire year 2024. The business met its consolidated cost and gold production targets for 2024.

186,001 ounces of gold were produced by the business overall in the fourth quarter of 2024. Fekola's lower-than-expected production levels during the quarter were somewhat mitigated by Masbate and Otjikoto's superior performance. During the quarter, the total consolidated cash operating costs per gold ounce produced were $968. Additionally, according to a press release from the business, the total consolidated all-in sustaining costs for each gold ounce sold in Q4 2024 were $1,668.

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With a total consolidated gold production of 804,778 ounces for the entire year, the business fell short of its 2024 projection range. The yearly guidance range of $835 to $895 per gold ounce was at the top end of the range, with total consolidated cash operating costs of $889 per gold ounce produced.

According to B2Gold, the Goose Project is on pace to pour its first gold in the second quarter of 2025 and that development and construction work is now underway. Additionally, the Gramalote Project feasibility study in Colombia is now in progress and is anticipated to be finished by the middle of 2025.