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B2Gold says second-quarter output was better than its own expectations at its two mines in Nicaragua

Thursday, July 28, 2011

\ B2Gold Corp said second-quarter production is better than its own expectations on higher recoveries and grades even as the Canadian gold producer grappled with a mine shutdown.\ \ The company also raised its full-year production forecast. It now sees 2011 production of 135,000-145,000 ounces of gold, up from its prior forecast of about 135,000 ounces, due to higher gold recoveries. The company, which has two mines in Nicaragua -- La Libertad and Limón -- said second-quarter consolidated production was 36,760 ounces, up from its own estimates of 33,835 ounces.\ \ Original source: Reuters\ \ \ \