B2Gold forecast lower 2024 output due to license delay at Mali’s Fekola Complex (NYSE:BTG)

Miner B2Gold Corp (NYSE:BTG) late Tuesday forecast total gold production to be in the range of 860,000 to 940,000 ounces in 2024, compare to the 1,061,060 ounces produced in 2023.
“The expected decrease in gold production relative to 2023 is predominantly due to lower production at the Fekola Complex as a result of the delay in receiving an exploitation license for Fekola Regional from the Government of Mali, delaying the 80,000 to 100,000 ounces that were scheduled in the life of mine plan to be trucked to the Fekola mill and processed in 2024″ B2Gold Corp (BTG) said.
Total consolidated cash operating costs and all-in sustaining costs reflect a transition year at the company in 2024: Total consolidated cash operating cost guidance of $835 to $895 per gold ounce, higher than the 2023 guidance range due to the processing of lower-grade ore at Fekola in 2024.
B2Gold consolidated gold production expected to increase to record levels in 2025, ranging between 1,130,000 and 1,260,000 ounces.
B2Gold Corp (BTG) also reported consolidated gold revenue in the fourth quarter of $512 million on sales of 256,921 ounces at an average realized gold price of $1,993 per gold ounce.
For the full year 2023, consolidated gold revenue was $1,934 million on sales of 994,060 ounces at an average realized gold price of $1,946 per gold ounce.
Source: Press Release

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