B2Gold B2Gold reports net loss in third quarter as gold production down 27% y-o-y
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However, the company said that its gold production is forecast to significantly increase in Q4 2022 when mining reaches a higher grade zone in the Otjikoto pit and stope ore production commences from the Wolfshag Underground mine. Total consolidated all-in sustaining costs are anticipated to benefit in Q4 2022 from higher grade ore being processed at Fekola and Otjikoto, it added.
Importantly, the company re-affirmed its full year 2022 total gold production and total consolidated cost guidance. Total gold production is expected to be between 990,000 and 1,050,000 ounces, and total consolidated all-in sustaining costs are expected to be within the company's original guidance range of between $1,010 and $1,050 per gold ounce.
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