B2Gold Otjikoto posts strong third quarter performance
The Otjikoto Mine in the Otjozondjupa region produced 70,000 ounces of gold in the third quarter. This production generated 344 million US dollars by September 30. The B2Gold Corporation Group saw total revenue of 836 million US dollars from 195,018 ounces of gold sold. The average price per ounce was 4,289 US dollars. CEO Mike Cinnamond stated the company produced 193,321 ounces. This puts the company on track to meet its full-year production guidance across all operations.
B2Gold’s Otjikoto Mine in the Otjozondjupa region produced 70 000 ounces of gold, which generated US$344 million (about N$5.6 billion) during the third quarter which ended on 30 September. This contributed to the B2Gold Corporation Group’s revenue of US$836 million (N$13.7 billion) on 195 018 ounces of gold sold at an average price of US$4 289 (N$70 356) per ounce. According to a company statement released by B2Gold president and chief executive Mike Cinnamond, with production of 193 321 ounces, B2Gold is on track to deliver full-year production guidance at all its operations. “B2Gold delivered a strong third quarter, highlighted