Open Pit and Underground, 100% B2Gold Ownership

Property Location and Access:

La Libertad Mine is located in La Libertad–Santo Domingo Region of the Department of Chontales in Central Nicaragua. The mine is situated approximately 110 kilometres (“km”) due east of Managua, the capital city of Nicaragua and 32 km northeast of Juigalpa, the capital city of the Department of Chontales. Road access from Managua is initially along a 201-km paved road to Juigalpa, then via a paved stone road for 30 km to the town of La Libertad, and another 5 km along an unsurfaced road to the mine.

Fourth Quarter & Full-year 2017 Earnings Snapshot⁽²⁾:

• Fourth quarter ("Q4") 2017 gold production was 14,696 oz
• Q4 2017 cash operating costs⁽³⁾ were $1,094 /oz of gold
• Q4 2017 all-in sustaining costs ("AISC")⁽³⁾ were $1,504 /oz of gold
• Full-year ("FY") 2017 gold production was 82,337 oz
• FY 2017 cash operating costs were $836 /oz of gold
• FY 2017 AISC were $1,106 /oz of gold
• FY 2017 gold production guidance range is expected to be between 115,000 - 120,000 oz
• FY 2017 cash operating costs are expected to be between $745 - $790 /oz of gold
• FY 2017 AISC are expected to be between $1,050 - $1,100 /oz of gold

Please note that this page is currently being updated. Please click here for B2Gold's most recent news release re: Q4 & Year-End 2017 Earnings and click here for B2Gold's Q4 & FY 2017 MD&A and click here for B2Gold’s Annual Information Form 2018. (B2Gold’s MD&A and AIF are also available on SEDAR at www.sedar.com and on the U.S. Securities and Exchange Commission’s website at www.sec.gov)

Click here for details on La Libertad “Exploration” section.