BRIEF-B2gold Reports Q1 Results, Increases Quarterly Dividend To $0.02 Per Share

130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

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BRIEF-B2gold Reports Q1 Results, Increases Quarterly Dividend To $0.02 Per Share

posted on May 05, 2020 09:15PM

2020-05-05 07:53:35 PM ET (Reuters)

May 5 (Reuters) - B2Gold Corp:

* B2GOLD REPORTS STRONG Q1 2020 RESULTS AND QUARTERLY RECORDS FOR TOTAL GOLD PRODUCTION, GOLD REVENUE, OPERATING CASH FLOWS AND CASH OPERATING COSTS; INCREASES QUARTERLY DIVIDEND TO $0.02 PER SHARE

* Q1 EARNINGS PER SHARE $0.07

* Q1 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES DATA

* Q1 ADJUSTED EARNINGS PER SHARE $0.10

* B2GOLD - Q1 CONSOLIDATED GOLD PRODUCTION OF 250,632 OUNCES, INCREASE OF 25% (50,090 OUNCES) OVER Q1 OF 2019

* BASED ON CURRENT ASSUMPTIONS FOR 2020, B2GOLD REMAINS WELL POSITIONED FOR CONTINUED STRONG OPERATIONAL AND FINANCIAL PERFORMANCE

* B2GOLD - DESPITE DISRUPTIONS CAUSED BY COVID-19 SINCE MARCH 2020, CONTINUES TO SUCCESSFULLY SHIP ITS GOLD BULLION INVENTORY TO REFINERIES

* EXPECTS TO CONTINUE TO GENERATE NET CASH FLOWS THROUGH BALANCE OF 2020 AND FINISH 2020 IN SIGNIFICANT NET POSITIVE CASH POSITION

* BASED ON CURRENT ASSUMPTIONS, FOR FY 2020, LOW-COST FEKOLA MINE IS EXPECTED TO PRODUCE BETWEEN 590,000 AND 620,000 OUNCES OF GOLD Source text for Eikon: Further company coverage

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