B2Gold 2Q Output Doubles; Fekola produces more forecasts

B2Gold Corp. (TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports that gold production in the second quarter was about twice as high as the same period a year ago, while the new Fekola gold mine in Mali exceeded expectations. Consolidated production was a quarterly record of 240,093 ounces, a 98% (or 118,645 ounces) leap from the same quarter of the previous year and 7% (or 16,308 ounces) above budget , according to B2Gold. The company quotes "good performance" from the Fekola mine, Masbate in the Philippines and Otjikoto in Namibia. B2Gold also publishes consolidated gold revenues of $ 285 million, up 73% from one year to the next. The Fekola mine produced 112,644 ounces of gold in the second quarter, 11% (or 11,225 ounces) more than the budget. The company says Fekola's annual production forecast has been revised upwards to between 420,000 and 430,000 ounces of gold (initial forecasts were between 400,000 and 410,000 ounces). "B2Gold remains on track to achieve transformational growth in 2018," says the company. "For the full year 2018, with the first full year of production at the Fekola mine, consolidated gold production is expected to be between 920,000 and 960,000 ounces (revised higher than the initial range of 910,000 to 950,000 ounces) This represents an increase in annual consolidated gold production of approximately 300,000 ounces in 2018 from 2017. "In addition, the company expects the costs of maintaining any will decrease by about 6% from 2017.

By Allen Sykora of Kitco News; [email protected]

OceanaGold: Gold Production Rises in the Second Quarter [19659004] Wednesday, July 11, 2018 08:27

OceanaGold Corp. (TSX, ASX: OGC) this gold production increased in the second quarter.The company posts a consolidated output of 142,950 ounces, up from to 125,600 in the first quarter and 124,400 in the same period there are year, copper production of 3,919 tonnes was comparable to the first quarter, but down from 4,300 tonnes in the same period of the previous year. Last month, the company increased its 2018 gold production forecast range between 500,000 and 540,000 ounces. "The expansion of Haile's processing plant is also progressing well and we plan to complete the commissioning of the pebble crusher before the end of the month, while in Didipio, production has been strengthened." through the continuation of underground activities and Mick Wilkes, President and Chief Executive Officer.

By Allen Sykora of Kitco News; [email protected]

Mandalay: production decline in 2Q but to pick up in the next two quarters

Wednesday, July 11, 2018 08:27

Mandalay Resources Corp. (TSX: MND) reports that production was lower in the second quarter than in the same period a year ago, but is expected to rebound in the next two quarters. The company has produced 19 154 ounces of gold and 503 tons of antimony, representing 22,348 ounces of gold equivalent production for the period from April to June. In the same quarter a year ago, Mandalay produced 28,219 ounces of gold, 765 tonnes of antimony and 359,457 ounces of silver for 38,491 ounces of gold equivalent. "The second quarter of 2018 was a transitional production and sales quarter for Mandalay, as the company began transitioning from Brunswick Lode to Costerfield," said Dominic Duffy, President and Chief Executive Officer. "Over the next two quarters, we expect an increase in production at both farms due to the opening of mining operations in Brunswick, and mining plans higher grades at Björkdal. As a result, the company remains confident that it will reach its production target of 101,000 to 113,000 ounces of gold equivalent in 2018. "