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B2Gold Reports Strong Q1 2024 Gold Production

Total production in line with expectations

B2Gold Corp. (TSX: BTO) has reported total gold production of 225,716 ounces in the first quarter of 2024, in line with expectations. The company's producing mines in Namibia, Mali, Burkina Faso, and the Philippines all contributed to the strong production results.

Production guidance maintained

B2Gold has maintained its full-year gold production guidance of 800,000 to 870,000 ounces in 2024. The guidance includes approximately 20,000 ounces of production from the company's new Fekola mine in Mali.

Record annual production in 2023

In 2023, B2Gold achieved a record annual total gold production of 1,061,060 ounces. The company's Otjikoto mine in Namibia is expected to produce between 185,000 and 205,000 ounces of gold in 2024.

Positive financial results

Along with the strong production results, B2Gold reported positive financial results for the first quarter of 2024. The company's revenue increased by 12% year-over-year to $324.3 million. B2Gold's adjusted net income increased by 20% to $86.6 million.

Analyst maintains Buy rating

Following the release of the first quarter results, Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on B2Gold. Rico said that the company's strong production and financial results demonstrate its ability to execute its growth plans.

Conclusion

B2Gold's strong start to 2024 is a testament to the company's operational excellence and commitment to growth. The company is on track to meet its annual gold production guidance and continue to deliver value for its shareholders.