Past year: ▲ 16%(5.25 – 8.38 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2014resource reserve update● NeutralMajor
The Gramalote preliminary economic assessment in Colombia, on the 51% AngloGold Ashanti and 49% B2Gold joint venture, outlined a 14-year open pit producing 4.445 million ounces in total, 317,500 a year at US$664 cash cost, for US$1,176 million of pre-production capital. At a US$1,351 gold price the after-tax return was only 11.5% with a 4.8-year payback.
23 Jan 2014resource reserve update▲ GoodMajor
Declared a maiden inferred resource for the Wolfshag zone at Otjikoto of 6.8 million tonnes at 3.2 g/t for 703,000 ounces, more than twice the 1.42 g/t average grade of the main Otjikoto pit it sits beside. The zone was traced 1,600 metres down plunge and found only during 2013 drilling, while the mine itself was still under construction.
5 Nov 2013drilling result▲ Good
A further 2013 Otjikoto drilling update: the year's programme totalled 134 holes for 23,602 metres, 80 of them into Wolfshag, with infill work on the northern kilometre of the 1.6 kilometre zone aimed at a maiden inferred resource. Construction stayed on schedule and budget.
8 Aug 2013resource reserve update▲ Good
Second-quarter production of 82,083 ounces took the half year to 168,848 ounces at cash costs of US$732 an ounce against a US$745 budget, and Masbate reserves were raised from 3.0 to 3.23 million ounces at a better 0.97 g/t. B2Gold also said it had tested the carrying value of its mines at 30 June and found no write-down needed, at a time when much of the sector was impairing.
17 July 2013drilling result▲ GoodMajor
Drilling at the newly found Wolfshag zone beside the Otjikoto pit in Namibia returned high grades, including 18.85m at 5.84 g/t and 13.55m at 6.83 g/t, from 107 holes for 22,194 metres year to date. B2Gold presented it as potential to expand production and mine life at a project already under construction for a fourth-quarter 2014 start.
