Q1 2024 B2Gold Corp Earnings Call Transcript
Key Points
- B2Gold Corp (NAM:B2G) produced over 225,000 ounces of gold in Q1 2024, in line with expectations.
- Cash operating costs and all-in sustaining costs were well below annual guidance ranges.
- Encouraging discussions with the Mali government regarding the Fekola region, with potential for increased production.
- Successful ice road campaign at the Goose Project, ensuring necessary materials are on site for construction.
- Strong financial position with $568 million in cash and an undrawn $700 million revolver facility.
- Slight delay in the Goose Project, pushing first gold production from Q1 2025 to Q2 2025.
- Challenges in commissioning trucks and personnel issues at the Goose Project, causing delays in mining schedules.
- Potential concerns about the 2023 Mali mining code affecting future gold mining investments in the country.
- Uncertainty around final capital expenditure for the Goose Project, with some costs still being evaluated.
- Operational challenges at the Goose Project due to high snow levels and El Nino conditions.
Thank you for standing by. This is the conference operator. Welcome to B2Gold Corporation's First Quarter 2024 Financial Results Conference Call. (Operator Instructions) The conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to Clive Johnson, President and CEO of B2Gold. Please go ahead.
Thank you, operator. Good morning, ladies and gentlemen. Welcome to our call to discuss our first quarter of 2024 operating and financial results and to give you a corporate update as well. Many of you or all of you will have seen the news that's come out. It gives quite a lot of detail. We're off to a solid start for 2024. We produced over 225,000 ounces gold production across a solid basis in line with what we expected, with all 3 B2Gold operating lines performing well.
Importantly, cash operating costs and all sustained costs in the first quarter both came in well below our annual guidance ranges. And Mike will give you a lot more
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