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B2GOLD News Release B2Gold Reports Strong Fourth Quarter and Full - Year 2020 Results ; Annual Records for 2020 Gold Production , Gold Revenues and Operating Cash Flows ; Declares 2021 First Quarter Dividend of $ 0.04 per Share - Vancouver , February 23 , 2021 B2Gold Corp. ( TSX : BTO , NYSE AMERICAN : BTG , NSX : B2G ) ( " B2Gold " or the “ Company ” ) is pleased to announce its operational and financial results for the fourth quarter and full - year ending December 31 , 2020. The Company previously released its gold production and gold revenue results for the fourth quarter and full - year 2020 , in addition to its production and budget guidance for 2021. In 2021 , the Company is forecasting total gold production of between 970,000 and 1,030,000 ounces . All dollar figures are in United States dollars unless otherwise indicated . 2020 Fourth Quarter Highlights • • • • • Total gold production of 270,469 ounces ( including 14,150 ounces of attributable production from Calibre Mining Corp. ( " Calibre " ) ) and consolidated gold production of 256,319 ounces from the Company's three operating mines Consolidated gold revenues of $ 480 million , a significant increase of $ 166 million ( 53 % ) over the fourth quarter of 2019 ( excluding revenues from discontinued operations ) Consolidated cash flow provided by operating activities of $ 197 million , an increase of $ 52 million ( 36 % ) over the fourth quarter of 2019 ( and is net of a voluntary tax installment payment of $ 50 million made in December 2020 related to the Fekola Mine's 2020 tax obligations ) Total consolidated cash operating costs ( see “ Non - IFRS Measures ” ) of $ 473 per ounce produced ( $ 461 per ounce sold ) ; total consolidated all - in sustaining costs ( " AISC " ) ( see “ Non - IFRS Measures " ) of $ 926 per ounce sold ( including the Company's estimated attributable share of Calibre's results ) Net income attributable to the shareholders of the Company of $ 168 million ( $ 0.16 per share ) ; adjusted net income ( see “ Non - IFRS Measures " ) attributable to the shareholders of the Company of $ 147 million ( $ 0.14 per share ) 2020 Full - Year Highlights • Record annual total gold production of 1,040,737 ounces ( including 45,479 ounces of attributable production from Calibre ) , at the upper end of the guidance range ( of between 1,000,000 - 1,055,000 ounces ) 1