B2Gold (TSX: BTO; NYSE MKT: BTG) expects another record production year in 2015, building upon the solid output it had in 2014.
The Vancouver-based producer, which operates four gold mines – including La Libertad and Limon in Nicaragua, Masbate in the Philippines, and Otjikoto in Namibia – reported record fourth quarter and full year output. Quarterly production totalled 111,804 oz, not including the 7,159 pre-commercial oz from the new Otjikoto mine.
The star performer in the quarter was the Masbate mine, producing 62,972 oz, up 34% from the year ago period. This helped offset the weaker than anticipated results from the La Libertad and Limon mines, writes Raymond James analyst Chris Thompson. While B2Gold met its 2014 target for La Libertad, it missed its recently lowered target at Limon due to installation delays for a dewatering system, he says.
Read the complete article at NorthernMiner.com/news/b2gold
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