UPDATE: B2Gold Turns Negative Despite Record Q4, FY12 Production; Provides 2013 Guidance
B2Gold Corp. (BTO.TO) reported a record production of 44,324 ounces and revenues of $70.8 million for the fourth quarter 2012. For the full year 2012, revenue was also a record $259.1 million, with gold production of 157,885 ounces that is within guidance.
The company also has also provided its production guidance for 2013, with consolidated production from La Libertad and Limon Mines in Nicaragua estimated to total approximately 185,000 to 195,000 ounces of gold at a cash operating cost of approximately $605 to $635 per ounce.
BTO has moved into the red in the afternoon trade, down nearly 1% to $3.94. Over 2 million BTO shares have changed hands.