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B2Gold achieves commercial production at Fekola, lifts FY'17 output forecast

B2Gold Corp. said Dec. 4 that its Fekola gold mine in Mali, which poured first gold in October, achieved commercial production Nov. 30, one month ahead of the revised schedule.

Ramping up to full-scale production at Fekola remains ahead of schedule with production well above budget, beating original recovery, grade and plant availability estimates from an optimized feasibility study.

As of Nov. 30, Fekola produced approximately 80,000 ounces of gold, about 158% above the budget.

For this year, gold production from Fekola is now forecast to be between 100,000 and 110,000 ounces, far surpassing the upper end of the original guidance of 45,000 to 55,000 ounces.

In the first full year of production, the company expects Fekola to deliver between 400,000 and 410,000 ounces of gold.

Based on current assumptions and updates, the company is now projecting consolidated gold production in the current year of between 580,000 and 625,000 ounces, compared to its revised guidance of 530,000 to 570,000 ounces of gold.

For 2018, the company is projecting consolidated production to reach between 925,000 and 975,000 ounces, up 58% from the the current-year production estimate.