Newcrest Mining Gold Production Surged in Q4 FY22


B2Gold reported total consolidated cash operating costs of $824 per gold ounce sold in Q3 2022.

SEATTLE (Scrap Monster): B2Gold Corporation announced operational and financial results for Q3 2022.

The Q3 gold production totalled 227,016 ounces. The temporary mining sequence changes at the Fekola and Otjikoto mines during the quarter resulted in lower than expected quarterly production. However, the company anticipates strong gold production from both these operations in the fourth quarter of 2022.

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B2Gold reported total consolidated cash operating costs of $824 per gold ounce sold in Q3 2022. The year-to-date total consolidated cash operating costs of $760 per gold ounce sold was in line with expectations. The company expects the consolidated cash operating costs to be significantly lower in Q4.

It reported total consolidated all-in sustaining costs of $1,169 per gold ounce sold during the quarter. Also, year-to-date total consolidated all-in sustaining costs of $1,108 per gold ounce sold stood better than expected. The higher grade ore being processed at Fekola and Otjikoto will benefit the company in Q4 this year.

B2Gold maintained its full-year 2022 total gold production and total consolidated cost guidance. The total gold production is expected to be between 990,000 and 1,050,000 ounces. The total consolidated cash operating costs are expected to be at the upper end of the guidance of $620-$660 per gold ounce, whereas the total consolidated all-in sustaining costs are expected to range between $1,010 and $1,050 per gold ounce in 2022.





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