B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company) announces that operations at the Fekola complex in Mali continue uninterrupted and that all permits and licenses remain in good standing with the State of Mali.
Milling and mining operations at the Fekola mine are running at full capacity and the company is reiterating its 2025 gold production guidance for the Fekola complex of 515,000 to 550,000 ounces. In addition, the Company confirms that all exploration and exploitation permits are valid and in good standing and have not been affected by the recent revocations of permits in Mali, which were largely due to inaction and non-compliance with the provisions of the Mali Mining Code of 2023. The issuance of the Fekola Regional Exploitation Permit is in the final stages of approval and is expected to be received shortly.
B2Gold remains focused on ensuring that the Fekola Complex continues its track record of safe and reliable gold production, delivering economic benefits and jobs to the surrounding communities and to the State of Mali.
About B2Gold Corp.
B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, B2Gold today operates gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in several countries.
ON BEHALF OF B2Gold Corp.
“Clive T. Johnson”
President and CEO
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this press release.
The production guidelines in this press release reflect total production at the mines where B2Gold operates on a 100% project basis. Please see our annual information form dated March 28, 2025 for a discussion of our ownership interest in the mines that B2Gold operates.
This press release contains certain “forward-looking information” and “forward-looking statements” (“collectively, forward-looking statements”) within the meaning of applicable Canadian and U.S. securities laws, including: projections; prospects; accompaniment; predictions; estimates; and other statements regarding future or estimated financial and operating performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating expenses, including expected cash operating expenses and AISC, and budgets on a consolidated and mine-for-mine basis; future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; statements regarding B2Gold’s anticipated exploration, drilling, development, construction, permitting and other activities or performance; and including, without limitation: the Fekola Complex which achieved gold production of 515,000 to 550,000 ounces in 2025; Fekola Regional operating permit will be received soon. All statements in this press release that relate to events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “plan”, “predict”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, ‘may’, ‘might’ or ‘could’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, some of which are beyond B2Gold’s control, including risks relating to or relating to: the volatility of metal prices and B2Gold’s common stock; changes in tax laws; the hazards inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; failure to meet production, cost or other estimates; actual production, development plans and costs that differ materially from estimates in B2Gold’s feasibility studies and other research; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulation; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including any restrictions imposed as a result on B2Gold’s operations and ability to generate sufficient cash flows; operations in foreign countries and developing countries and compliance with foreign laws, including laws relating to operations in Mali, Namibia, the Philippines, Canada and Colombia and including risks related to changes in foreign laws and changing policies relating to mining and local ownership requirements or the nationalization of resources generally; remote operations and the availability of adequate infrastructure; fluctuations in the price and availability of energy and other inputs required for mining operations; shortages or cost increases in necessary equipment, supplies and labor; regulatory, political and country risks, including local instability or acts of terrorism and their consequences; dependence on contractors, third parties and joint venture partners; the lack of sole decision-making authority with respect to Filminera Resources Corporation, owner of the Masbate Project; challenges regarding title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; risk of lawsuits; competition with other mining companies; community support for B2Gold’s operations, including risks associated with strikes and the cessation of such operations from time to time; conflicts with small-scale miners; disruptions to information systems or threats to information security; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws and sanctions or other similar measures; social media and B2Gold’s reputation; as well as other identified and more detailed factors under the heading “Risk Factors” in B2Gold’s most recent Annual Information Form, B2Gold’s current Form 40-F Annual Report and B2Gold’s other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the “SEC”), which can be viewed at www.sedar.com and www.sec.gov, respectively (the “Websites”). The list is not exhaustive of the factors that could affect B2Gold’s forward-looking statements.
B2Gold’s forward-looking statements are based on applicable assumptions and factors that management believes to be reasonable as of the date hereof, based on information available to management at the time. These assumptions and factors include, but are not limited to, assumptions and factors relating to B2Gold’s ability to continue current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold’s ability to achieve estimates, projections and forecasts; the availability and costs of inputs; the price and market for products, including gold; exchange rates; tax levels; the timely receipt of the necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain financing on reasonable terms in a timely manner when necessary; current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold’s forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold assumes no obligation to update any forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. Accordingly, no assurance can be given that events anticipated in the forward-looking statements will occur or occur, or, if any of these events occur, what benefits or obligations B2Gold will derive from them. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact: Michael McDonald VP, Investor Relations, Corporate Development & Treasury +1 604-681-8371 investor@b2gold.com
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