B2Gold Reports Q1 Production Results

B2Gold (TSX:BTO) reported its gold production and revenues for the first quarter of 2016. Highlights included consolidated gold production of 127,844 ounces, 10 percent greater than the same period in 2015.
As quoted in the press release, other highlights included:

• Gold sales of 120,899 ounces
• Gold revenue of $144.3 million
• Completed financing arrangements for $120 million in prepaid gold sales
• Signed commitment letter to enter into a Euro equivalent $81 million Equipment Facility with Caterpillar Financial SARL for the Fekola project
• Construction of the Fekola mine is well underway, on schedule and on budget, to commence production in late 2017
• On track to meet 2016 consolidated gold production guidance of between 510,000 to 550,000 ounces at cash operating costs of between $560 to $595 per ounce and all-in sustaining costs of between $895 to $925 per ounce
• Masbate mine gold production exceeded budget by 16%

Click here for the full press release.