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Canada's B2Gold sees higher production in 2012 from its two mines in Nicaragua

Tuesday, January 24, 2012

Canada's B2Gold Corp reported a rise in fourth-quarter gold production and the gold miner forecast a higher production for 2012.

The company, which operates two mines in Nicaragua, said it expects to produce about 150,000-160,000 ounces of gold in 2012 from these two mines, and expects about $140 million in cash from operations from them.

The Vancouver, British-Columbia-based company said gold production for the fourth quarter rose to 38,808 ounces, compared with 37,000 ounces a year ago.

Original source: Reuters