B2Gold Provides Q2 2012 Production Results, Forecasts Record Year

B2Gold Corp. (TSX:BTO,OTCQX:BGLPF) announced that it produced 36,803 ounces of gold during the second quarter of 2012. Gold revenue was $57.3 million and the company sold 35,860 ounces of gold.

As quoted in the press release:

B2Gold maintains its production and cost guidance for 2012 and is forecasting another record year for gold production in 2012. Consolidated production from La Libertad and Limon Mines is estimated to total approximately 150,000 to 160,000 ounces of gold at a cash operating cost of approximately $590 to $625 per ounce.

Cash operating costs are expected to improve and production to increase in 2013 and 2014 over 2012 due to the processing of higher grade ore from the Jabali deposit through the Libertad mill. The Company is projecting gold production to increase to approximately 185,000 ounces in 2013 and 200,000 ounces in 2014.

Click here to read the full B2Gold Corp. (TSX:BTO,OTCQX:BGLPF) press release.