Canadian gold producer B2Gold has exceeded its first-quarter production guidance by 8 966 oz of gold, for companywide output of 127 844 oz of the yellow metal, an increase of 10% over the same period in 2015.
B2Gold reported late on Wednesday that the rising output was mainly attributable to strong quarterly production from the company’s Masbate mine, in the Philippines, and the La Libertad mine, in Nicaragua. The Otjikoto mine, in Namibia, was in line with budget, however, El Limon, in Nicaragua, was slightly behind budget, mainly owing to the lower grade processed in the period.
