Canadian Mining Journal

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B2Gold earmarks US$43M for global exploration



B2Gold (TSX: BTO; NYSE-AM: BTG) was created as a junior exploration company in 2007, and since then it has grown to become an intermediate gold producer, with five mines in four countries.

Last year production reached 953,504 oz. gold – a 51% jump over 2017 – sending revenues nearly doubling year-on-year to US$1.2 billion, and cash flow almost tripling to US$451 million.

That war chest helped B2Gold slash debt US$220 million, and still end the year with US$103 million in cash and equivalents.

This year management has carved out a US$43-million exploration budget.

Continue reading at The Northern Miner.


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