06:37 AM EDT, 10/13/2017 (MT Newswires) -- B2Gold Corp (BTG), a Canadian mining company, said preliminary Q3 gold revenue was $154.1 million, down from $193 million in the same period a year ago, but topping the $153 million estimate from four analysts polled by Capital IQ.

The company sold 121,597 ounces at an average price of $1,267 per ounce, compared to 145,029 ounces at an average price of $1,331 per ounce in the same period a year ago.

The decline in revenue was mainly attributable to a 16% decrease in gold sales volume, the company said, due to the timing of gold shipments and lower production and a 5% decrease in the average realized gold price.

Consolidated Q3 gold production was 135,628 ounces, including 6,340 ounces of pre-commercial production from the newly-constructed Fekola Mine in Mali. Total production exceeded budget by 2%, or 2,254 ounces, and reforecast production by 15%, or 17,372 ounces.

For the full year the company said it is on track to meet the high end of its revised production guidance between 530,000 and 570,000 ounces.

Price: 2.78, Change: +0.02, Percent Change: +0.72