Masbate Mine – The Philippines (1)

Open Pit

Property Location and Access:

The Masbate Gold Project (“MGP”) is located in Masbate Island in the Republic of the Philippines. The mine is situated about 360 kilometres (“km”) southeast of Manila, the capital of the Philippines, within the municipality of Aroroy, Masbate Province, Region V. The mine site can be accessed by a commercial airline service, which flies daily to Masbate City; from there it is a 70-km drive on a partially-sealed road to the mine site. Alternate access to the site from Masbate City is via a one-hour boat ride. A registered light air strip and helipad are located close to the mine. The mine is equipped with a barge loading jetty where heavy equipment and consumables are delivered and offloaded.

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

  • Fourth quarter ("Q4") 2017 gold production was 53,419 oz
  • Q4 2017 cash operating costs(3) were $587 /oz of gold
  • Q4 2017 all-in sustaining costs ("AISC")(3) were $963 /oz of gold
  • Full-year ("FY") 2017 gold production was 202,468 oz
  • FY 2017 cash operating costs were $543 /oz of gold
  • FY 2017 AISC were $843 /oz of gold
  • FY 2017 gold production guidance range is expected to be between 180,000 - 190,000 oz
  • FY 2017 cash operating costs are expected to be between $675 - $720 /oz of gold
  • FY 2017 AISC are expected to be between $875 - $925 /oz of gold
Footnotes (Click to expand)
  1. The disclosure contains forward-looking statements. Refer to the Legal section of the website (click here) for caution regarding forward-looking statements and the basis for presentation of Mineral Reserves, Mineral Resources and other technical disclosure
  2. B2Gold's production results and guidance are presented on a 100% basis
  3. Refer to “Non-IFRS measures” in the Company’s most recently filed Management’s Discussion and Analysis (“MD&A”). Click here for MD&A

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 and on the U.S. Securities and Exchange Commission’s website at


Click here for details on the Masbate “Exploration” section.

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