B2Gold says 2017 was record year for production

|About: B2Gold Corp. (BTG)|By:, SA News Editor

B2Gold (BTG +4.4%) is higher a day after reporting record production for FY 2017 and Q4, mostly due to the start of commercial output at its Fekola mine in Mali.

BTG says it achieved record annual consolidated gold production for the ninth straight year, totaling 630,565 oz. and exceeding the upper end of revised guidance of 580K-625K oz.

Consolidated gold revenue for 2017 totaled $638.7M, or an annual record of $739.5M, including $100.9M of pre-commercial sales from Fekola.

BTG expects full-year cash operating costs and all-in sustaining costs to come in at or below respective guidance of $610-$650/oz. and $940-$970/oz.

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