BRIEF-B2gold corp on track to meet 2016 gold production

Wed May 11, 2016 11:39pm EDT
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May 11 (Reuters) - B2gold Corp

* Q1 consolidated gold production of 127,844 ounces; 10% greater than same period in 2015

* Q1 consolidated all-in sustaining costs of $874 per ounce, $217 per ounce lower compared with q1 of 2015

* On track to meet 2016 consolidated gold production guidance of between 510,000 to 550,000 ounces

* On track to meet 2016 gold production cash operating costs between $560-$595 per ounce,all-in sustaining costs between $895-$925 per ounce

* Construction of fekola mine is well underway, on schedule and on budget, and is expected to commence production in late 2017

* Increase in gold production was primarily attributable to strong quarterly production from masbate mine

* Gold production in 2016 is anticipated to be slightly weighted to second half of year

* Q2 and full year 2016 production at otjikoto mine are not expected to be impacted   Continued...