B2Gold Corp. announced consolidated production and sales results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported record quarterly consolidated gold production of 111,804 ounces or 118,963 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December. Record quarterly gold production at the Masbate Mine of 62,972 ounces.

For the full year, the company reported record annual consolidated gold production of 384,003 ounces or 391,162 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December. Record annual gold production at La Libertad Mine of 149,763 ounces.

The company reported consolidated gold revenue for the fourth quarter of 2014 was USD 122.4 million on sales of 102,612 ounces at an average realized price of USD 1,193 per ounce compared to USD 138.1 million (which included a non-cash amount of USD 9.3 million related to amortization of deferred revenue) on sales of 106,185 ounces at an average realized price of USD 1,300 per ounce in the fourth quarter of 2013. Gold revenue declined mainly due to an 8% decrease in the average realized gold price.

For the full-year 2014, the company reported consolidated gold revenue was USD 486.6 million on record sales of 386,219 ounces at an average realized price of USD 1,260 per ounce compared to USD 544.3 million (which included a non-cash amount of USD 37.4 million related to amortization of deferred revenue) on sales of 380,895 ounces at an average realized price of USD 1,429 per ounce in the same period last year.

The company is projecting another record year for gold production in 2015. Company-wide production in 2015 from the newly constructed Otjikoto Mine, and the Masbate, La Libertad and Limon Mines is expected to be in the range of 500,000 to 540,000 ounces of gold (including pre-commercial production from Otjikoto), an increase of approximately 35% over 2014 production. Consolidated cash operating costs are expected to be in the range of USD 630 to USD 660 per ounce. The substantial increase in the company's consolidated gold production and the reduction in consolidated cash operating costs per ounce reflect the positive impact of new production from the company's low-cost Otjikoto Mine. The company expected capital expenditure of USD 71.216 million for the fiscal 2015.

For the first half of 2015, gold production is expected to be in the range of 225,000 to 245,000 ounces which will be lower than the gold production in the second half of the year of 275,000 to 295,000 ounces, due to a number of factors including the continued ramp-up of gold production at Otjikoto.