B2Gold Corp. (TSX:BTO) (NYSE MKT:BTG) (NSX:B2G) (“B2Gold” or the
“Company”) is pleased to announce the Report of Voting Results for
the Annual General Meeting (“AGM”) of Shareholders.
In accordance with Section 11.3 of National
Instrument 51-102 – Continuous Disclosure Obligations, we hereby
advise of the results of the voting on the matters submitted to the
AGM of shareholders of B2Gold held on June 16, 2017 (total shares
represented in person or by proxy 710,346,837 of the 975,927,064
issued and outstanding shares 72.79%).
Item 1: Number of Directors
By a vote by way of show of hands, the number of
Directors of the Company was set at seven (7).
Item 2: Election of Directors and
Approvals of Nominees as Directors
By a vote by way of show of hands, the following
individuals were elected as directors of the Company to hold office
for the ensuing year or until their successors are elected or
appointed, and the total votes cast by all shareholders of the
Company present in person or by proxy were as follows:
Name |
Total Votes in Favour(%) |
Total VotesWithheld /
Abstained(%) |
Outcome of Vote |
Clive Johnson |
654,880,600(96.65%) |
22,720,660 (3.35%) |
Approved |
Robert Cross |
642,596,401(94.83%) |
35,004,859 (5.17%) |
Approved |
Robert Gayton |
652,609,852(96.31%) |
24,991,408 (3.69%) |
Approved |
Jerry Korpan |
653,120,799(96.39%) |
24,480,461 (3.61%) |
Approved |
Bongani Mtshisi |
675,005,912(99.62%) |
2,595,348 (0.38%) |
Approved |
Kevin Bullock |
379,857,186(56.06%) |
297,744,047 (43.94%) |
Approved |
George Johnson |
654,174,702(96.54%) |
23,426,558 (3.46%) |
Approved |
Item 3: Appointment of
Auditors
By a vote by way of show of hands,
PricewaterhouseCoopers LLP, Chartered Accountants, were appointed
the auditors of the Company to hold office until the close of the
next annual meeting of shareholders or until their successors are
appointed, at a remuneration to be fixed by the directors of the
Company.
DATED at Vancouver, British Columbia this 16th
day of June, 2017.
About B2Gold Corp.
Headquartered in Vancouver, Canada, B2Gold Corp.
is one of the fastest-growing intermediate gold producers in the
world. Founded in 2007, today, the Company has four operating
mines, one mine under construction and numerous exploration
projects in various countries, including Nicaragua, the
Philippines, Namibia, Mali, Burkina Faso and Finland. Construction
of the Company’s Fekola Mine in southwest Mali is approximately
three months ahead of schedule and on budget, and is projected to
commence production on October 1, 2017. As a result, the Company is
well positioned to maintain its low-cost structure and growth
profile.
Based on current assumptions and updates to
B2Gold’s current year guidance and long-term mine plans, the
Company is projecting consolidated gold production in 2017 of
between 545,000 and 595,000 ounces (including estimated
pre-commercial production from the Fekola Mine of between 45,000
and 55,000 ounces); and in 2018 significantly increasing to between
900,000 and 950,000 ounces, with the inclusion of the anticipated
first full-year of commercial production at the Fekola Mine.
On Behalf of B2GOLD
CORP.“Clive T. Johnson”President
and Chief Executive Officer
The Toronto Stock Exchange neither approves nor
disapproves the information contained in this News
Release.
This news release includes certain
“forward-looking information” and “forward-looking statements”
(collectively “forward-looking statements”) within the meaning of
applicable Canadian and United States securities legislation,
including projections, estimates and other statements regarding
future financial and operational performance, events, production,
mine life, revenue, costs, capital expenditures, acquisitions,
investments, budgets, ore grades, sources and types of ore,
stripping ratios, throughput, cash flows and growth; production
estimates and guidance, including the Company’s projected gold
production of between 545,000 to 595,000 ounces in 2017 and
production being weighted towards the second half of 2017 and
projected gold production of between 900,000 and 950,000 ounces in
2018; and statements regarding anticipated exploration,
development, construction, production, permitting and other
activities and achievements of the Company, including: expected
grades and sources of ore to be processed in 2017; the development
and production from the Fekola Project commencing October 1, 2017
and the Fekola Project being approximately three months ahead of
schedule, on budget and fully funded; the Fekola Project
being a low cost mine and its anticipated effect on the Company’s
gold production and per ounce costs and being the most significant
contributor to an expected approximate 65% increase in production
in 2018; the expected mine life of the Fekola Project; the expected
completion of updated financial analysis for the Fekola Project by
the end of the third quarter of 2017; the forecasted increase in
cash flows from operations in 2018; completion of geotechnical,
hydrogeological and design studies for the Wolfshag zone and
life-of-mine production plans for the Otjikoto Mine; the
projections included in existing technical reports, economic
assessments and feasibility studies; anticipated or potential new
technical reports and studies, including the potential findings and
conclusions thereof; the resolution of the audit by the DENR in
relation to the Masbate Mine and the final outcome thereof;
expected replacement and expansion of the Masbate Mine fleet and
the expected decrease in equipment purchases at Masbate in 2018;
the completion of permitting and resettlement activities in respect
of underground development at the Jabali Antenna Pit; production
from the San Juan Pit as early as the third quarter of 2017; San
Juan Pit going into production ahead of the Jabali Antenna Pit;
timing differences on the incursion of pre-stripping costs at the
Otjikoto Mine and mobile equipment purchases at the Masbate Mine;
the deep well at the Santa Pancha 1 Mine at El Limon being
operational in May 2017; the expected timing to complete initial
resource estimates for Anaconda and Toega; the potential increased
opportunities for accretive acquisitions; the delivery of ounces
under the Prepaid Sales transactions; the increase in the amount of
the RCF upon completion of loan documentation; and the adequacy of
capital for continued operations, including funding of the Fekola
Project. All statements in this news release that address events or
developments that we expect to occur in the future are
forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally,
although not always, identified by words such as “expect”, “plan”,
“anticipate”, “project”, “target”, “potential”, “schedule”,
“forecast”, “budget”, “estimate”, “intend” or “believe” and similar
expressions or their negative connotations, or that events or
conditions “will”, “would”, “may”, “could”, “should” or “might”
occur. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. Forward-looking statements necessarily involve
assumptions, risks and uncertainties, certain of which are beyond
B2Gold’s control, including risks associated with the volatility of
metal prices and our common shares; risks and dangers inherent in
exploration, development and mining activities; uncertainty of
reserve and resource estimates; risk of not achieving production,
cost or other estimates; risk that actual production, development
plans and costs differ materially from the estimates in our
feasibility studies; risks related to hedging activities and ore
purchase commitments; the ability to obtain and maintain any
necessary permits, consents or authorizations required for mining
activities; uncertainty about the outcome of negotiations with the
Government of Mali; risks related to environmental regulations or
hazards and compliance with complex regulations associated with
mining activities; the ability to replace mineral reserves and
identify acquisition opportunities; unknown liabilities of
companies acquired by B2Gold; ability to successfully integrate new
acquisitions; fluctuations in exchange rates; availability of
financing; risks relating to financing and debt; risks related to
operations in foreign and developing countries and compliance with
foreign laws; risks related to remote operations and the
availability adequate infrastructure, fluctuations in price and
availability of energy and other inputs necessary for mining
operations; shortages or cost increases in necessary equipment,
supplies and labour; regulatory, political and country risks; risks
related to reliance upon contractors, third parties and joint
venture partners; challenges to title or surface rights; dependence
on key personnel and ability to attract and retain skilled
personnel; the risk of an uninsurable or uninsured loss; adverse
climate and weather conditions; litigation risk; competition with
other mining companies; changes in tax laws; community support for
our operations including risks related to strikes and the halting
of such operations from time to time; risks related to conflict
with small scale miners; risks related to failures of information
systems or information security threats; the ongoing audit by the
DENR in relation to our Masbate Project and the final outcome
thereof; ability to maintain adequate internal control over
financial reporting as required by law; risks related to compliance
with anti-corruption laws; as well as other factors identified and
as described in more detail under the heading “Risk Factors” in
B2Gold’s most recent Annual Information Form and B2Gold’s other
filings with Canadian securities regulators and the U.S. Securities
and Exchange Commission (the “SEC”), which may be viewed at
www.sedar.com and www.sec.gov, respectively (the “Websites”). The
list is not exhaustive of the factors that may affect the Company’s
forward-looking statements. There can be no assurance that such
statements will prove to be accurate, and actual results,
performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements.
Accordingly, no assurance can be given that any events anticipated
by the forward-looking statements will transpire or occur, or if
any of them do, what benefits or liabilities B2Gold will derive
therefrom. The Company’s forward looking statements reflect current
expectations regarding future events and operating performance and
speak only as of the date hereof and the Company does not assume
any obligation to update forward-looking statements if
circumstances or management's beliefs, expectations or opinions
should change other than as required by applicable law. For the
reasons set forth above, undue reliance should not be placed on
forward-looking statements.
The disclosure in this news release and in the
documents described in this news release regarding mineral
properties was prepared in accordance with Canadian National
Instrument 43-101 (“NI 43-101”), which differs significantly from
the requirements of the SEC set out in Industry Guide 7.
Accordingly, such disclosure may not be comparable to similar
information made public by companies that report in accordance with
U.S. standards.
Non-IFRS Measures This news
release includes certain terms or performance measures commonly
used in the mining industry that are not defined under
International Financial Reporting Standards (“IFRS”) as issued by
the International Accounting Standards Board, including “cash
operating costs”, “all-in sustaining costs” and "adjusted net
income". Non-IFRS measures do not have any standardized meaning
prescribed under IFRS, and therefore they may not be comparable to
similar measures employed by other companies. The data presented is
intended to provide additional information and should not be
considered in isolation or as a substitute for measures of
performance prepared in accordance with IFRS and should be read in
conjunction with B2Gold’s consolidated financial statements.
Readers should refer to B2Gold’s management discussion and
analysis, available on the Websites, under the heading “Non-IFRS
Measures” for a more detailed discussion of how B2Gold calculates
such measures and reconciliation of certain measures to IFRS
terms.
For more information on B2Gold please visit the Company website at www.b2gold.com or contact:
Ian MacLean
Vice President, Investor Relations
604-681-8371
imaclean@b2gold.com
Katie Bromley
Manager, Investor Relations & Public Relations
604-681-8371
kbromley@b2gold.com
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