Sirens International Useful resource Will increase To one.2 Moz

• Overall gold manufacturing of 266,856 oz. in Q1 2023, exceeding expectancies to begin 2023 : Overall gold manufacturing of 266,856 oz., together with 16,137 oz. of attributable manufacturing from Calibre Mining Corp. (“Calibre”). The Fekola Mine produced 165,864 oz. within the quarter, benefitting from a good mine phasing collection to begin 2023, with Section 6 of the Fekola pit offering high-grade ore to the method plant. All B2Gold operations are on course to satisfy or exceed annual manufacturing steering levels. On April 27, 2023, Fekola produced its 3 millionth ounce of gold, 5 years and 7 months from development of entirety.
• Overall consolidated coins running prices of $600 in step with gold produced in Q1 2023, neatly underneath the yearly steering vary (between $670 and $730 in step with ounce) : Overall consolidated coins running prices (see “Non-IFRS Measures”) (together with estimated attributable effects for Calibre) of $600 in step with gold ounce produced right through the quarter. Consolidated coins running prices from the Corporate’s 3 running mines of $576 in step with gold ounce produced.
• Overall consolidated all-in maintaining prices of $1,060 in step with gold ounce offered in Q1 2023, neatly underneath the yearly steering vary (between $1,195 and $1,255 in step with ounce) : Overall consolidated all-in maintaining prices (see “Non-IFRS Measures”) (together with estimated attributable effects for Calibre) of $1,060 in step with gold ounce offered. Consolidated all-in maintaining prices from the Corporate’s 3 running mines of $1,049 in step with gold ounce offered, less than anticipated because of decrease coins running prices and the timing of maintaining capital expenditures which are anticipated to be incurred later in 2023.
• Attributable web source of revenue of $0.08 in step with proportion; Adjusted attributable web source of revenue of $0.10 in step with proportion in Q1 2023 : Web source of revenue as a result of the shareholders of the Corporate of $86.0 million ($0.08 in step with proportion); adjusted web source of revenue (see “Non-IFRS Measures”) as a result of the shareholders of the Corporate of $106 million ($0.10 in step with proportion).
• Running coins float earlier than operating capital changes of $0.21 in step with proportion in Q1 2023 : Money float supplied via running actions earlier than operating capital changes (see “Non-IFRS Measures”) used to be $223 million ($0.21 in step with proportion) within the first quarter of 2023.
• Tough monetary place : At March 31, 2023, the Corporate had coins and coins equivalents of $674 million and dealing capital (outlined as present belongings much less present liabilities) of $804 million.
• Q1 2023 dividend of $0.04 in step with proportion declared : The Corporate stays in a robust web certain coins place and paid a primary quarter dividend of $0.04 in step with not unusual proportion on March 17, 2023 (annualized charge of $0.16 in step with not unusual proportion).
• Finished acquisition of Sabina Gold and Silver Corp. (“Sabina”) : Next to the quarter finish, the Corporate finished the purchase of Sabina on April 19, 2023, ensuing within the Corporate obtaining Sabina’s 100% owned Again River Gold District positioned in Nunavut, Canada via issuing roughly 216 million B2Gold not unusual stocks as attention.
• Next to of entirety of the purchase of Sabina, B2Gold finished its inaugural wintry weather ice street season and extinguished sure of Sabina’s development financing responsibilities: B2Gold finished its inaugural wintry weather ice street season and gained all crucial fabrics that had been important to handle the agenda for development of entirety of the mill within the first quarter of 2025. As neatly, the Corporate extinguished sure of Sabina’s development financing responsibilities with bills totalling $111 million as follows: senior secured debt facility for a $2 million fee, gold prepay facility for a $1 million fee, all of the gold steel off take settlement for a $62 million fee, and one-third of the gold move association for a $46 million fee.
• Vital exploration program licensed on the Again River Gold District for 2023: B2Gold has licensed a $20 million exploration finances for the steadiness of 2023 to finish roughly 25,000 meters (“m”) of drilling. Infill and greenfield drilling might be centered in proximity to present deposits on the Goose Challenge, in addition to following up on regional objectives known on the George, Boulder, Boot and Del initiatives.
• Initial Fekola Advanced optimization find out about signifies important alternative to extend gold manufacturing and useful resource usage : The Corporate is progressing an engineering find out about of a Fekola Regional stand-alone mill and oxide processing amenities (anticipated to be positioned at the Anaconda House). Development of a stand-alone oxide mill would represent Section II of the Fekola Regional Construction Plan. The engineering find out about might be in accordance with processing 4 million tonnes in step with annum (“Mtpa”) of saprolite and transitional (oxide) assets. From January 2022 thru March 31, 2023, the Corporate has finished roughly 120,000 m of drilling on the Anaconda House, which incorporated infill drilling to improve a good portion of the Inferred oxide assets to the Indicated class, in addition to extending each oxide and sulphide assets within the house. An up to date Anaconda House Mineral Useful resource estimate is these days underway and scheduled to be finished via the top of the second one quarter of 2023. As a result, to permit for incorporation of this up to date Mineral Useful resource estimate into the engineering find out about, result of the find out about are actually anticipated within the fourth quarter of 2023. The Corporate’s optimization find out about research signifies that the blended Fekola Mine and Fekola Regional processing amenities will have the prospective to supply greater than 800,000 oz. of gold in step with 12 months from the Fekola Advanced, topic to delineation of extra mineral assets and advancement, of entirety of feasibility research, and the receipt of all important regulatory approvals and allows.
• Closed funding into Snowline Gold Corp. (“Snowline”), obtaining a 5.0% fairness pastime : In March 2023, closed an fairness funding into Snowline, giving B2Gold possession of roughly 5.0% of the issued and remarkable not unusual stocks of Snowline. Snowline is advancing the Rogue mission within the Yukon, Canada.

First Quarter 2023 Effects

^{(1) Due to the shareholders of the Corporate.
(2) Non-IFRS measure. For an outline of ways those measures are calculated and a reconciliation of those measures to probably the most at once related measures specified, outlined or decided underneath IFRS and offered within the Corporate’s monetary statements, seek advice from “Non-IFRS Measures”.}

Liquidity and Capital Sources

B2Gold continues to handle a robust monetary place and liquidity. At March 31, 2023, the Corporate had coins and coins equivalents of $674 million (December 31, 2022 – $652 million) and dealing capital (outlined as present belongings much less present liabilities) of $804 million (December 31, 2022 – $802 million). At March 31, 2023, the overall quantity of the Corporate’s $600 million revolving credit score facility used to be undrawn and to be had.

First Quarter 2023 Dividend

On February 22, 2023, B2Gold’s Board of Administrators (“Board”) declared a coins dividend for the primary quarter of 2023 of $0.04 in step with not unusual proportion (or an anticipated $0.16 in step with proportion on an annualized foundation), paid on March 17, 2023. The declaration and fee of long run quarterly dividends stays on the discretion of the Board and depends on the Corporate’s monetary effects, coins necessities, long run potentialities and different elements deemed related via the Board.

Again River Gold District Replace

On April 19, 2023, the Corporate finished the purchase of Sabina, ensuing within the Corporate obtaining Sabina’s 100% owned Again River Gold District positioned in Nunavut, Canada via issuing roughly 216 million not unusual stocks of B2Gold as attention. The Again River Gold District is composed of 5 mineral claims blocks alongside an 80 kilometer (“km”) belt. Probably the most complicated mission within the district, Goose, is totally accredited, development in a position, and has been de-risked with important infrastructure these days in position. The Goose Challenge has an estimated two 12 months development length, which is anticipated to be finished within the first quarter of 2025. B2Gold’s control workforce has sturdy northern development experience and the revel in to ship the totally accredited Goose Challenge and the monetary assets to increase the numerous gold useful resource endowment on the Again River Gold District into a big, lengthy lifestyles mining complicated. B2Gold acknowledges that recognize and collaboration with the Kitikmeot Inuit Affiliation is central to the license to function within the Again River Gold District and can proceed to prioritize creating the mission in a way that acknowledges Indigenous enter and considerations and brings long-term socio-economic advantages to the world.

Next to of entirety of the purchase of Sabina, B2Gold finished its inaugural wintry weather ice street season and gained all crucial fabrics that had been important to handle the agenda for development of entirety of the mill within the first quarter of 2025. Throughout the season, upgrades to street alignment and sub-base had been finished to strengthen the wintry weather ice street for long run seasons. The transportation of fabrics concluded with the receipt of all important provides, making an allowance for the pouring of concrete for key amenities and set up of structural metal to climate in the important thing amenities forward of subsequent seasons wintry weather ice street marketing campaign. Moreover, arrangements for the 2023 sea carry proceed and so far all ordered fabrics have arrived as scheduled. Lately, on-site actions are serious about construction a brand new worker camp (Section 1 of the brand new camp is scheduled for of entirety on July 1, 2023), extending the airstrip to toughen the greater paintings power, number one pond development to fulfill start-up water necessities, and persisted advancement of the open pit and underground spaces.

The Again River Gold District contains important untapped exploration possible around the 80 km belt. To boost up pursuing this possible, B2Gold has licensed a $20 million exploration finances for the steadiness of 2023 to finish roughly 25,000 m of drilling. The $20 million finances is considerably upper than ancient annual exploration expenditures. Drilling might be centered in proximity to present deposits on the Goose Challenge, in addition to following up on regional objectives known on the George, Boulder, Boot and Del initiatives.

Next to the of entirety of the purchase of Sabina, B2Gold extinguished sure of Sabina’s development financing responsibilities. The unique Gold Steel Offtake Settlement between Sabina and Orion Mine Finance (“Orion”) allowed for the repurchase of fifty% of the gold offtake within the match of a transformation of regulate for $31 million. Below the phrases of the settlement with Orion, B2Gold paid a complete acquire value of $62 million to retire all of the gold steel offtake legal responsibility. As well as, B2Gold has paid $3 million to retire the senior secured debt facility and gold prepay facility entered into between Orion and Sabina. After of entirety of the repurchase transactions, Orion will now not dangle any safety over the Goose Challenge or the Again River Gold District. The unique Flow Settlement between Sabina and Wheaton Treasured Metals (“Wheaton”) allowed for the repurchase of 33% of the gold move at the Goose Challenge for attention equivalent to an amount of money that generates a fifteen% charge of go back at the complicated portion of gold move. Below the phrases of the settlement with Wheaton, B2Gold paid a complete acquire value of $46 million to retire 33% of the present gold move.

A March 2021 Up to date Feasibility Find out about at the Goose Challenge defined a 15-year lifetime of mine, generating a median of 223,000 oz. of gold in step with 12 months (reasonable annual manufacturing of 287,000 oz. over first 5 years) from 3.6 million oz. of Mineral Reserves averaging 5.97 g/t gold. The Corporate believes there’s possible to extend manufacturing within the first 5 years of the mine lifestyles to over 300,000 oz. of gold in step with 12 months thru sped up advancement of the underground mine on the Goose Challenge, topic to additional mine sequencing research.

Operations

Fekola Mine – Mali

^{(1) Non-IFRS measure. For an outline of ways those measures are calculated and a reconciliation of those measures to probably the most at once related measures specified, outlined or decided underneath IFRS and offered within the Corporate’s monetary statements, seek advice from “Non-IFRS Measures”.}

The Fekola Mine in Mali (owned 80% via the Corporate and 20% via the State of Mali) had a a success begin to the 12 months with first quarter of 2023 gold manufacturing of 165,864 oz.. As anticipated, Fekola’s gold manufacturing used to be sturdy because of a good mine phasing collection to begin 2023, with Section 6 of the Fekola pit offering important high-grade ore to the method plant. For the primary quarter of 2023, mill feed grade used to be 2.47 grams in step with tonne (“g/t”), mill throughput used to be 2.27 million tonnes, and gold restoration averaged 91.9%.

The Fekola Mine’s coins running prices (seek advice from “Non-IFRS Measures” ) for the primary quarter of 2023 had been $483 in step with ounce produced ($471 in step with gold ounce offered). Money running prices in step with ounce produced for the primary quarter of 2023 had been less than anticipated because of decrease mining prices, predominantly because of much less tonnes moved than expected right through the quarter. Tonnes moved had been lower than anticipated right through the quarter because of tight operating prerequisites in Section 6 together with lowered hauling capability because of having one ramp to be had (the problem has been mounted beginning in April 2023) and less than budgeted diesel prices. The mining tonnage is anticipated to be stuck up over the rest of 2023.

All-in maintaining prices (seek advice from “Non-IFRS Measures” ) for the primary quarter of 2023 for the Fekola Mine had been $964 in step with gold ounce offered. All-in maintaining prices for the primary quarter of 2023 had been less than anticipated because of decrease coins running prices described above and less than anticipated maintaining capital expenditures. The decrease maintaining capital expenditures are principally a results of timing of expenditures and anticipated to be incurred later in 2023.

Capital expenditures within the first quarter of 2023 totalled $54 million basically consisting of $26 million for cellular apparatus purchases and rebuilds, $15 million for pre-stripping, $2 million for haul street development, $2 million for Fekola underground advancement and $1 million for the tailings facility elevate mission.

Next to quarter finish, Fekola produced its 3 millionth ounce of gold on April 27, 2023. This milestone used to be achieved 5 years and 7 months from development of entirety and 3 years previous than estimated within the Fekola feasibility find out about from June 2015. Fekola manufacturing has met or exceeded manufacturing projections in each and every 12 months of its operation.

The cheap Fekola Advanced in Mali is anticipated to supply between 580,000 and 610,000 oz. of gold in 2023 at coins running prices of between $565 and $625 in step with ounce and all-in maintaining prices of between $1,085 and $1,145 in step with ounce. On the Fekola Mine, ore will proceed to be mined from the Fekola and Cardinal pits and for Fekola Regional operations, preliminary saprolite manufacturing (to be processed within the Fekola Mill) is anticipated to begin from the Bantako North allow beginning within the 0.33 quarter of 2023. Saprolite manufacturing from the Bantako North allow is anticipated to generate roughly 18,000 oz. of gold manufacturing in 2023 with Fekola Regional manufacturing ranges proceeding to ramp-up thru 2024. The Fekola Mine is anticipated to procedure 9 million tonnes of ore right through 2023 at a median grade of two.20 g/t gold with a procedure gold restoration of 93.4%. The predicted build up in Fekola’s all-in maintaining prices for 2023 displays, predominantly, upper maintaining capital expenditures.

Masbate Mine – The Philippines

^{(1) Non-IFRS measure. For an outline of ways those measures are calculated and a reconciliation of those measures to probably the most at once related measures specified, outlined or decided underneath IFRS and offered within the Corporate’s monetary statements, seek advice from “Non-IFRS Measures”.}

The Masbate Mine within the Philippines had a robust begin to the 12 months with first quarter of 2023 gold manufacturing of 46,364 oz.. For the primary quarter of 2023, mill feed grade used to be 0.95 g/t gold, mill throughput used to be 2.07 million tonnes, and gold restoration averaged 73.5%.

The Masbate Mine’s coins running prices (seek advice from “Non-IFRS Measures” ) for the primary quarter of 2023 had been $883 in step with ounce produced ($843 in step with gold ounce offered). Money running prices in step with ounce produced for the primary quarter of 2023 had been less than anticipated because of upper than expected gold manufacturing and less than expected processing prices as a result of decrease diesel and heavy gasoline oil value.

All-in maintaining prices (seek advice from “Non-IFRS Measures” ) for the primary quarter of 2023 had been $1,320 in step with ounce offered. All-in maintaining prices for the primary quarter of 2023 had been less than expected because of less than anticipated coins running prices described above and less than anticipated maintaining capital expenditures. The less than anticipated maintaining capital expenditures are principally a results of timing of expenditures and anticipated to be incurred later in 2023.

Capital expenditures within the first quarter of 2023 totalled $9 million, basically consisting of $7 million for cellular apparatus purchases and rebuilds.

The Masbate Mine within the Philippines is anticipated to supply between 170,000 and 190,000 oz. of gold in 2023 at coins running prices of between $985 and $1,045 in step with ounce and all-in maintaining prices of between $1,370 and $1,430 in step with ounce. For 2023, Masbate is anticipated to procedure 7.8 million tonnes of ore at a median grade of 0.96 g/t gold with a procedure gold restoration of 74.5%. Gold manufacturing is scheduled to be reasonably constant all through 2023. Mill feed might be a mix of mined recent ore sourced from the Major Vein Pit and low-grade ore stockpiles. The predicted build up in Masbate’s all-in maintaining prices for 2023 displays, predominantly, decrease gold oz. offered.

Otjikoto Mine – Namibia

^{(1) Non-IFRS measure. For an outline of ways those measures are calculated and a reconciliation of those measures to probably the most at once related measures specified, outlined or decided underneath IFRS and offered within the Corporate’s monetary statements, seek advice from “Non-IFRS Measures”.}

The Otjikoto Mine in Namibia, wherein the Corporate holds a 90% pastime, carried out neatly right through the primary quarter of 2023, generating 38,491 oz. of gold. For the primary quarter of 2023, mill feed grade used to be 1.47 g/t gold, mill throughput used to be 0.82 million tonnes, and gold restoration averaged 98.8%.

Manufacturing from the Wolfshag underground mine continues to extend after stope ore manufacturing used to be completed within the fourth quarter of 2022, with ore manufacturing for the primary quarter of 2023 averaging over 1,000 tonnes in step with day at a median grade of 6.10 g/t gold. As of the start of 2023, the Possible Mineral Reserve estimate for the Wolfshag deposit contains 203,000 oz. of gold in 1.1 million tonnes of ore at a median grade of five.55 g/t gold. Open pit mining operations on the Otjikoto Mine are scheduled to ramp down in 2024 and conclude in 2025, whilst processing operations will proceed till economically viable stockpiles are exhausted in roughly 2031. Underground operations are these days projected to proceed till 2026 with possible to increase underground operations if the continued underground exploration program is a success in figuring out extra underground mineral deposits.

Money running (seek advice from “Non-IFRS Measures” ) prices for the primary quarter of 2023 had been $605 in step with gold ounce produced ($458 in step with ounce gold offered). Money running prices in step with ounce produced for the primary quarter of 2023 had been less than anticipated because of upper manufacturing as described above and a weaker Namibian greenback. Money running prices in step with gold ounce offered for the primary quarter of 2023 had been less than the money running prices in step with ounce produced for the primary quarter of 2023, because of the sale of cheaper price stock produced within the fourth quarter of 2022.

All-in maintaining prices for the primary quarter of 2023 had been $905 in step with gold ounce offered. All-in maintaining prices for the primary quarter of 2023 had been less than expected because of less than anticipated coins running prices described above, upper than anticipated gold oz. offered and less than anticipated maintaining capital expenditures basically associated with underground advancement. The less than anticipated maintaining capital expenditures are principally a results of timing of expenditures and anticipated to be incurred later in 2023.

Capital expenditures for the primary quarter of 2023 totalled $17 million, consisting of $14 million for pre-stripping within the Otjikoto pit, $2 million for Wolfshag underground mine advancement and $1 million for cellular apparatus rebuilds.

The Otjikoto Mine in Namibia is anticipated to supply between 190,000 and 210,000 oz. of gold in 2023 at coins running prices of between $590 and $650 in step with ounce and all-in maintaining prices of between $1,080 and $1,140 in step with ounce. For 2023, Otjikoto is anticipated to procedure a complete of three.4 million tonnes of ore at a median grade of one.87 g/t gold with a procedure gold restoration of 98.0%. Within the first part of 2023, processed ore might be sourced from the Otjikoto pit and the Wolfshag underground mine, supplemented via present medium and excessive grade ore stockpiles. Otjikoto’s gold manufacturing is anticipated to be weighted roughly 60% to the second one part of 2023 because of the timing of excessive grade ore mining from the Otjikoto pit and greater ore volumes from the Wolfshag underground mine. The predicted lower in Otjikoto’s all-in maintaining prices for 2023 displays some great benefits of processing upper grade ore from the Otjikoto pit and the Wolfshag underground mine in the second one part of 2023.

Fekola Advanced Regional Construction and Exploration

Construction

The Fekola Advanced is made out of the Fekola Mine (Medinandi allow webhosting the Fekola and Cardinal zones) and Fekola Regional (Anaconda House (Bantako and Menankoto allows), the Bakolobi allow and the Dandoko allow).

In keeping with the 2022 Anaconda House Mineral Useful resource estimate and B2Gold’s initial making plans, the Corporate demonstrated that the Anaconda House may provide selective upper grade saprolite subject matter (reasonable annual grade of as much as 2.2 g/t gold) to be trucked roughly 20 km and fed into the Fekola mill at a charge of as much as 1.5 million tonnes in step with annum. Trucking of selective upper grade saprolite subject matter from the Anaconda House to the Fekola mill will build up the ore processed and has the prospective to generate roughly 80,000 to 100,000 oz. of preliminary gold manufacturing in step with 12 months from Fekola Regional assets (Fekola Regional Section I). Preliminary saprolite manufacturing is anticipated to begin from the Bantako North allow beginning within the 0.33 quarter of 2023 and is anticipated to give a contribution roughly 18,000 oz. of gold in 2023 with Fekola Regional manufacturing ranges proceeding to ramp-up thru 2024.

Within the first quarter of 2023, the Corporate invested $15 million within the advancement of Fekola Regional (Anaconda House) saprolite mining together with street development, mine infrastructure, and mining apparatus. For 2023, the Corporate has budgeted a complete of $63 million for Fekola Regional advancement. The development cellular apparatus fleet is now in operation, and development of the haul roads and mining infrastructure (warehouse, workshop, gasoline depot, and places of work) is on agenda to toughen saprolite manufacturing from the Bantako North allow house as early because the 0.33 quarter of 2023. Manufacturing from Bantako North is contingent upon receipt of all important allows, that are anticipated to be gained in the second one quarter of 2023.

Initial result of a Fekola Advanced optimization find out about, coupled with 2022 exploration drilling effects, point out that there’s a important alternative to extend gold manufacturing and useful resource usage with the addition of oxide processing capability. The Corporate is progressing an engineering find out about of a Fekola Regional stand-alone mill and oxide processing amenities (anticipated to be positioned at the Anaconda House). Development of a stand-alone oxide mill would represent Section II of the Fekola Regional Construction Plan. The engineering find out about might be in accordance with processing 4 Mtpa of saprolite and transitional (oxide) assets. The present Anaconda House Mineral Useful resource estimate, launched in March 2022 and in accordance with the result of exploration drilling finished as much as January 11, 2022, incorporated Indicated Sources of 32.4 million tonnes at 1.08 g/t gold for 1.13 million oz. of gold, all of which used to be weathered oxide ore, and Inferred Sources that incorporated 19.1 million tonnes of oxide ore at 0.81 g/t gold for 0.50 million oz. of gold, and 44.6 million tonnes of sulphide ore at 1.25 g/t gold for 1.79 million oz. of gold. Since that date thru March 31, 2023, the Corporate has finished roughly 120,000 m of drilling on the Anaconda House, which incorporated infill drilling to improve a good portion of the Inferred oxide assets to the Indicated class, in addition to extending each oxide and sulphide assets within the house. An up to date Anaconda House Mineral Useful resource estimate is these days underway and scheduled to be finished via the top of the second one quarter of 2023. As a result, to permit for incorporation of this up to date Mineral Useful resource estimate into the engineering find out about, result of the find out about are actually anticipated within the fourth quarter of 2023. As well as, Fekola Advanced optimization paintings continues to maximise mission price from all of the quite a lot of oxide and sulphide subject matter assets together with the Fekola Pit, Fekola Underground, Cardinal Pit, and the Bantako North, Menankoto, Bakolobi and Dandoko allows. The Corporate’s conceptual research signifies that the blended Fekola Mine and Fekola Regional processing amenities will have the prospective to supply greater than 800,000 oz. of gold in step with 12 months from the Fekola Advanced, topic to delineation of extra mineral assets and advancement, of entirety of feasibility research, and the receipt of all important regulatory approvals and allows.

Exploration

B2Gold is undertaking any other 12 months of in depth exploration in 2023 with the cheap of roughly $84 million. A vital center of attention might be in proximity to our running mines in Mali, Namibia and the Philippines, and contains $20 million of spending on each infill and generative exploration on the not too long ago got Again River Gold District.

Ongoing exploration will proceed to advance our early degree initiatives in Finland and Cote d’Ivoire. Goal era and pursuing new alternatives in potential gold areas in Africa, South The usa, the Philippines, Central Asia and Canada proceed. This generative initiative may just come with fairness placements and new joint ventures with junior corporations, very similar to B2Gold’s 2023 funding in Snowline and its Rogue mission within the Yukon, Canada, and its 2022 funding in Matador Mining Ltd. and its Cape Ray Gold mission in Newfoundland, Canada.

Outlook

The Corporate is proud of its begin to 2023 and the certain first quarter of 2023 effects. In keeping with a robust operational and monetary first quarter of 2023, the Corporate is on course to meets its annual overall gold manufacturing forecast of between a million and 1,080,000 oz. (together with 60,000 to 70,000 attributable oz. from Calibre) with overall consolidated coins running prices for the 12 months (together with estimated attributable effects for Calibre) of between $670 and $730 in step with ounce and overall consolidated all-in maintaining (together with estimated attributable effects for Calibre) of between $1,195 and $1,255 in step with ounce.

On April 19, 2023, the Corporate introduced the of entirety of the purchase of Sabina leading to B2Gold obtaining Sabina’s 100% owned Again River Gold District positioned in Nunavut, Canada. The Again River Gold District is composed of 5 mineral claims blocks alongside an 80 km belt. Probably the most complicated mission within the district, Goose, is totally accredited, development in a position, and has been de-risked with important infrastructure these days in position. The Goose Challenge has an estimated two 12 months development length, which is anticipated to be finished within the first quarter of 2025. As well as, B2Gold believes there’s important untapped exploration possible throughout an 80 km belt. B2Gold’s control workforce has sturdy northern development experience and revel in to ship the totally accredited Goose Challenge and the monetary assets to increase the numerous gold useful resource endowment on the Again River Gold District into a big, lengthy lifestyles mining complicated.

After an excessively a success 12 months for exploration in 2022, B2Gold is undertaking an competitive exploration marketing campaign in 2023 with the cheap of roughly $84 million (together with $20 million on the not too long ago got Again River Gold District) with the overwhelming majority allotted to expansion exploration expenditures to toughen the following segment of natural expansion around the portfolio.

Because of the Corporate’s sturdy web certain coins place and to be had liquidity, sturdy running effects and coins flows and the present upper gold value surroundings, B2Gold’s quarterly dividend charge is anticipated to be maintained at $0.04 in step with not unusual proportion (or an annualized charge of $0.16 in step with not unusual proportion), which represents some of the absolute best dividend yields within the gold sector.

The Corporate’s ongoing technique is to proceed to maximise winning manufacturing from its mines, additional advance its pipeline of final advancement and exploration initiatives, review new exploration, advancement and manufacturing alternatives and proceed to pay an trade main dividend yield.

First Quarter 2023 Monetary Effects – Convention Name Main points

B2Gold executives will host a convention name to talk about the consequences on Wednesday, Would possibly 10, 2023, at 10:00 am PT / 1:00 pm ET. It’s possible you’ll get entry to the decision via registering on the player convention hyperlink via clicking right here previous to the scheduled birth time. After you have registered, you’re going to be despatched an e mail with a novel PIN which can attach you to the decision at +1 (431) 341-4089 / +1 (855) 513-1368 (Canada) or toll loose at +1 (844) 543-0451. You may additionally pay attention to the decision by way of webcast via clicking right here.

About B2Gold

B2Gold is a cheap global senior gold manufacturer headquartered in Vancouver, Canada. Based in 2007, as of late, B2Gold has running gold mines in Mali, Namibia and the Philippines and a large number of exploration and advancement initiatives in quite a lot of international locations together with Canada, Mali, Colombia, Finland and Uzbekistan. B2Gold forecasts overall consolidated gold manufacturing of between a million and 1,080,000 oz. in 2023.

Certified Individuals

Invoice Lytle, Senior Vice President and Leader Running Officer, a professional individual underneath NI 43-101, has licensed the medical and technical knowledge associated with operations issues contained on this information unencumber.

Brian Scott, P. Geo., Vice President, Geology & Technical Services and products, a professional individual underneath NI 43-101, has licensed the medical and technical knowledge associated with exploration and mineral useful resource issues contained on this information unencumber.

ON BEHALF OF B2GOLD CORP.

“Clive T. Johnson”
President and Leader Government Officer

The Toronto Inventory Trade and NYSE American LLC neither approve nor disapprove the guidelines contained on this information unencumber.

Manufacturing effects and manufacturing steering offered on this information unencumber mirror overall manufacturing on the mines B2Gold operates on a 100% mission foundation. Please see our Annual Data Shape dated March 16, 2023 for a dialogue of our possession pastime within the mines B2Gold operates.

This information unencumber contains sure “forward-looking knowledge” and “forward-looking statements” (jointly forward-looking statements”) throughout the which means of acceptable Canadian and United States securities regulation, together with: projections; outlook; steering; forecasts; estimates; and different statements relating to long run or estimated monetary and operational efficiency, gold manufacturing and gross sales, revenues and coins flows, and capital prices (maintaining and non-sustaining) and running prices, together with projected coins running prices and AISC, and budgets on a consolidated and mine via mine foundation; long run or estimated mine lifestyles, steel value assumptions, ore grades or assets, gold restoration charges, stripping ratios, throughput, ore processing; statements relating to expected exploration, drilling, advancement, development, allowing and different actions or achievements of B2Gold; and together with, with out limitation: projected gold manufacturing, coins running prices and AISC on a consolidated and mine via mine foundation in 2023, overall consolidated gold manufacturing of between a million and 1,080,000 oz. in 2023; the possibility of Fekola Regional (Anaconda House) to offer saprolite subject matter to feed the Fekola mill beginning within the 0.33 quarter of 2023; the timing and result of a find out about for the Fekola Regional (Anaconda House) to check the mission economics of a stand-alone oxide mill; the possibility of the Fekola complicated to supply 800,000 oz. of gold in step with 12 months; the prospective fee of long run dividends, together with the timing and quantity of this sort of dividends, and the expectancy that quarterly dividends might be maintained on the identical degree; and B2Gold’s attributable proportion of Calibre’s manufacturing. All statements on this information unencumber that cope with occasions or traits that we predict to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t ancient info and are most often, even though now not all the time, known via phrases akin to “be expecting”, “plan”, “look forward to”, “mission”, “goal”, “possible”, “agenda”, “forecast”, “finances”, “estimate”, “intend” or “consider” and equivalent expressions or their unfavorable connotations, or that occasions or prerequisites “will”, “would”, “might”, “may just”, “will have to” or “may” happen. All such forward-looking statements are in accordance with the evaluations and estimates of control as of the date such statements are made.

Ahead-looking statements essentially contain assumptions, dangers and uncertainties, sure of that are past B2Gold’s regulate, together with dangers related to or associated with: the volatility of steel costs and B2Gold’s not unusual stocks; adjustments in tax regulations; the risks inherent in exploration, advancement and mining actions; the uncertainty of reserve and useful resource estimates; now not attaining manufacturing, value or different estimates; exact manufacturing, advancement plans and prices differing materially from the estimates in B2Gold’s feasibility and different research; the power to procure and handle any important allows, is of the same opinion or authorizations required for mining actions; environmental rules or hazards and compliance with complicated rules related to mining actions; local weather alternate and local weather alternate rules; the power to switch mineral reserves and determine acquisition alternatives; the unknown liabilities of businesses got via B2Gold; the power to effectively combine new acquisitions; fluctuations in change charges; the provision of financing; financing and debt actions, together with possible restrictions imposed on B2Gold’s operations consequently thereof and the power to generate enough coins flows; operations in overseas and creating international locations and the compliance with overseas regulations, together with the ones related to operations in Mali, Namibia, the Philippines and Colombia and together with dangers associated with adjustments in overseas regulations and converting insurance policies associated with mining and native possession necessities or useful resource nationalization most often; far flung operations and the provision of ok infrastructure; fluctuations in value and availability of power and different inputs important for mining operations; shortages or value will increase in important apparatus, provides and labour; regulatory, political and nation dangers, together with native instability or acts of terrorism and the results thereof; the reliance upon contractors, 0.33 events and three way partnership companions; the loss of sole decision-making authority associated with Filminera Sources Company, which owns the Masbate Challenge; demanding situations to name or floor rights; the dependence on key group of workers and the power to draw and retain professional group of workers; the danger of an uninsurable or uninsured loss; adversarial local weather and climate prerequisites; litigation chance; pageant with different mining corporations; group toughen for B2Gold’s operations, together with dangers associated with moves and the halting of such operations every so often; conflicts with small scale miners; screw ups of knowledge techniques or knowledge safety threats; the power to handle ok interior controls over monetary reporting as required via regulation, together with Segment 404 of the Sarbanes-Oxley Act; compliance with anti-corruption regulations, and sanctions or different equivalent measures; social media and B2Gold’s popularity; dangers affecting Calibre having an affect at the price of the Corporate’s funding in Calibre, and possible dilution of our fairness pastime in Calibre; in addition to different elements known and as described in additional element underneath the heading “Chance Elements” in B2Gold’s most up-to-date Annual Data Shape, B2Gold’s present Shape 40-F Annual Document and B2Gold’s different filings with Canadian securities regulators and the U.S. Securities and Trade Fee (the “SEC”), that could be considered at www.sedar.com and www.sec.gov, respectively (the “Web pages”). The checklist isn’t exhaustive of the criteria that can impact B2Gold’s forward-looking statements.

B2Gold’s forward-looking statements are in accordance with the acceptable assumptions and elements control considers cheap as of the date hereof, in accordance with the guidelines to be had to control at such time. Those assumptions and elements come with, however aren’t restricted to, assumptions and elements associated with B2Gold’s talent to hold on present and long run operations, together with: advancement and exploration actions; the timing, extent, length and financial viability of such operations, together with any mineral assets or reserves known thereby; the accuracy and reliability of estimates, projections, forecasts, research and exams; B2Gold’s talent to satisfy or succeed in estimates, projections and forecasts; the provision and price of inputs; the associated fee and marketplace for outputs, together with gold; foreign currency echange charges; taxation ranges; the well timed receipt of important approvals or allows; the power to satisfy present and long run responsibilities; the power to procure well timed financing on cheap phrases when required; the present and long run social, financial and political prerequisites; and different assumptions and elements most often related to the mining trade.

B2Gold’s forward-looking statements are in accordance with the evaluations and estimates of control and mirror their present expectancies relating to long run occasions and running efficiency and talk most effective as of the date hereof. B2Gold does now not suppose any legal responsibility to replace forward-looking statements if instances or control’s ideals, expectancies or evaluations will have to alternate rather then as required via acceptable regulation. There can also be no assurance that forward-looking statements will turn out to be correct, and exact effects, efficiency or achievements may just vary materially from the ones expressed in, or implied via, those forward-looking statements. Accordingly, no assurance can also be for the reason that any occasions expected via the forward-looking statements will transpire or happen, or if any of them do, what advantages or liabilities B2Gold will derive therefrom. For the explanations set forth above, undue reliance will have to now not be put on forward-looking statements.

Non-IFRS Measures
This information unencumber contains sure phrases or efficiency measures usually used within the mining trade that aren’t outlined underneath Global Monetary Reporting Requirements (“IFRS”), together with “coins running prices”, “all-in maintaining prices” (or “AISC”), and “coins float supplied via running actions earlier than operating capital changes”. Non-IFRS measures don’t have any standardized which means prescribed underneath IFRS, and due to this fact they might not be related to equivalent measures hired via different corporations. The knowledge offered is meant to offer more information and will have to now not be regarded as in isolation or as an alternative to measures of efficiency ready in keeping with IFRS and will have to be learn along with B2Gold’s consolidated monetary statements. Readers will have to seek advice from B2Gold’s Control Dialogue and Research, to be had at the Web pages, underneath the heading “Non-IFRS Measures” for a extra detailed dialogue of ways B2Gold calculates sure of such measures and a reconciliation of sure measures to IFRS phrases.

Cautionary Remark Referring to Mineral Reserve and Useful resource Estimates
The disclosure on this information unencumber used to be ready in keeping with Canadian Nationwide Tool 43-101, which differs considerably from the necessities of the US Securities and Trade Fee (“SEC”), and useful resource and reserve knowledge contained or referenced on this information unencumber might not be related to equivalent knowledge disclosed via public corporations topic to the technical disclosure necessities of the SEC. Ancient effects or feasibility fashions offered herein aren’t promises or expectancies of long run efficiency.

For more info on B2Gold please talk over with the Corporate website online at www.b2gold.com or touch: Michael McDonald VP, Investor Family members & Company Construction +1 604-681-8371 investor@b2gold.com Cherry De Geer Director, Company Communications +1 604-681-8371 investor@b2gold.com