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B2Gold had a great year in 2010. Two producing mines in Nicaragua and strong portfolio of exploration assets

Thursday, September 29, 2011

The key to a successful mining company is an experienced management team that knows how to execute.

That is true if Vancouver-based B2Gold, which has two producing mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia and Uruguay.

Last year was tremendous for B2Gold; gold revenue grew from $17.1 million in the first quarter to a record $47 million in the fourth, while cash operating costs improved from $772 in the first quarter to $535 in the fourth quarter. The total gold revenue of $127.5 million for the year was an increase of 517 per cent over 2009 and cash operating costs improved by $207 per ounce of gold.

Original source: Proactive Investors