B2Gold Announces Dividend Reinvestment Plan
News Release
B2Gold Announces Dividend Reinvestment Plan
Vancouver, BC, August 28, 2023 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce that it has implemented a Dividend Reinvestment
Plan (the “DRIP”).
The DRIP will provide B2Gold shareholders residing in Canada and the United S tates, subject to the
Company filing a registration statement in the United States, with the opportunity to have the cash dividends
declared on all or some of their common shares automatically reinvested into additional common shares of
the Company (the “Reinvestment Shares”) on an ongoing basis. Participation in the DRIP is optional and
will not affect shareholders’ cash dividends unless they elect to participate in the DRIP. Dividends are only
payable as and when declared by the Company’s Board of Directors.
The benefits of enrolling in the DRIP include the:
convenience of automatic reinvestment of dividends into Reinvestment Shares;
flexibility to enroll some or all common shares in the DRIP; and
ability to acquire Reinvestment Shares without paying any brokerage fees.
Participants in the DRIP will acquire Reinvestment Shares issued from the Company’s treasury (a
“Treasury Purchase”) at a price equal to the volume weighted average price of the Company’s common
shares on the Toronto Stock Exchange for the five (5) consecu tive trading days immediately preceding a
dividend payment date, subject to a possible discount, in the Company’s sole discretion, of up to 5% (the
“Average Market Price”).
Only future dividends declared after the date hereof by B2Gold will be eligible fo r reinvestment in the
DRIP.
To participate in the DRIP, registered shareholders must deliver a properly completed enrollment form to
Computershare Trust Company of Canada (the “Agent”) by no later than 4:00 p.m. (Toronto time) on the
fifth business day before a dividend record date. Beneficial shareholders who wish to participate in the
DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution or other
intermediary through which they hold common shares to inquire about the applicable requirements,
enrolment deadline and to request enrolment in the DRIP. Due to administrative policies of The Depository
Trust Company (“DTC”), in order to make an election under the DRIP, beneficial shareholders that hold
their common shares through a DTC participant broker, will need to either cause their broker to withdraw
their shares from DTC and deposit them with the Clearing and Depository Services, Inc.; or (ii) cause their
broker to register such shares directly in the name of such beneficial shareholder. Such actions would need
to be completed with sufficient time to deliver elections prior to applicable deadlines as set forth in the
DRIP.
The Company will be responsible for all administrative costs of the D RIP, including any brokerage
commissions or the fees or other expenses of the Agent payable in connection with the acquisition of
Reinvestment Shares under the DRIP. Participants are responsible for applicable brokerage commissions
in connection with the sale of fractional Reinvestment Shares if they elect to terminate their participation
in the DRIP. Beneficial shareholders who wish to participate in the DRIP through their financial advisor,
broker, investment dealer, bank, financial institution or other intermediary should consult that intermediary
to confirm what fees, if any, the nominee may charge to enroll in the DRIP on their behalf or whether the
nominee’s policies might result in any costs otherwise becoming payable by the beneficial shareholder.
Participation in the DRIP does not re lieve shareholders of any liability for taxes that may be payable in
respect of dividends that are reinvested in Reinvestment Shares or applicable withholding tax obligations.
Shareholders should consult their tax advisors concerning the tax implications o f their participation in the
DRIP having regard to their particular circumstances.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any
jurisdiction nor will there be any sale of these securities in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of any such province, state or jurisdiction.
Participation in the DRIP in the United State s may only be made pursuant to a prospectus and no offer to
sell securities in the United States is being made in this news release. The Company intends to file a
registration statement relating to the DRIP with the U.S. Securities and Exchange Commission, and, when
filed, electronic copies may be obtained under the Company’s profile on the U.S. Securities and Exchange
Commission’s website at http://www.sec.gov/EDGAR or by contacting the Company using the contact
information below.
The foregoing is a summary of the key attributes of the DRIP. A complete copy of the DRIP and the
enrollment form will be available on the Agent’s website at www.investorcentre.com. Shareholders should
carefully read the complete text of the DRIP before making any decisions regarding their participation in
the DRIP. For more information on how to enroll for registered shareholders or any other inquiries, contact
the Agent at +1 (800) 564-6253 (North America) or +1 (514) 982-7555 (outside North America) or through
the Agent’s website at www.investorcentre.com/service.
About B2Gold
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in
2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines as well as numerous
exploration and development projects in various countries including Canada, Mali, Finland and Uzbekistan.
B2Gold forecasts total consolidated gold production of between 1,000,000 and 1,080,000 ounces in 2023.
ON BEHALF OF B2GOLD CORP.
“Clive T. Johnson”
President & Chief Executive Officer
For more information on B2Gold, please visit the Company website at www.b2gold.com or contact:
Michael McDonald Cherry DeGeer
VP, Investor Relations & Corporate Development Director, Corporate Communications
+1 604-681-8371 +1 604-681-8371
[email protected] [email protected]
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information
contained in this news release.
This news release includes certain “forward-looking information ” and “forward-looking statements ”
(collectively “forward-looking statement”) within the meaning of applicable Canadian and United States
securities legislation, including: statements regarding the declaration , timing and payment of dividends;
the benefits of enrolling in the DRIP; and total consolidated gold production of between 1,000,0 00 and
1,080,000 ounces in 2023. Production guidance presented in this news release reflect total production at
the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March
16, 2023 for a discussion of our ownership interest in the mines B2Gold operates. All statements in this
news release that address events or developments that we expect to occur in the future are forward-looking
statements. Forward-looking statements are statements that are not historical facts and are generally,
although not always, identified by w ords such as “expect”, “plan”, “anticipate”, “project”, “target”,
“potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions
or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should”
or “might” occur. All such forward -looking statements are based on the opinions and estimates of
management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are
beyond B2Gold’s control, including risks associated with or related to: the volatility of metal prices and
B2Gold’s common shares; changes in tax laws; the dangers inherent in exploration, development and
mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other
estimates; actual production, development plans and costs differing ma terially from the estimates in
B2Gold’s feasibility and other studies; the ability to obtain and maintain any necessary permits, consents
or authorizations required for mining activities; environmental regulations or hazards and compliance with
complex regulations associated with mining activities; climate change and climate change regulations; the
ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of
companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in
exchange rates; the availability of financing; financing and debt activities, including potential restrictions
imposed on B2Gold ’s operations as a result thereof and the ability to generate sufficient cash flows;
operations in foreign and developing countries and the compliance with foreign laws, including those
associated with operations in Mali, Namibia, the Philippines and Colombia and including risks related to
changes in foreign laws and changing policies rel ated to mining and local ownership requirements or
resource nationalization generally; remote operations and the availability of adequate infrastructure;
fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages
or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks,
including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third
parties and joint venture partners ; the lack of sole decision -making authority related to Filminera
Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the
dependence on key personnel and the ability to attract and retain skilled personnel; the ris k of an
uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with
other mining companies; community support for B2Gold’s operations, including risks related to strikes and
the halting of such operations from time to time; conflicts with small scale miners; failures of information
systems or information security threats; the ability to maintain adequate internal controls over financial
reporting as required by law, including Section 404 of the Sarbanes -Oxley Act; compliance with anti -
corruption laws, and sanctions or other similar measures; social media and B2Gold ’s reputation; risks
affecting Calibre having an impact on the value of the Company ’s investment in Calibre, and potential
dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail
under the heading “Risk Factors” in B2Gold’s most recent Annual Information Form, B2Gold ’s current
Form 40-F Annual Report and B2Gold ’s other filings with Canadian securitie s regulators and the U.S.
Securities and Exchange Commission , which may be viewed at www.sedar.com and www.sec.gov,
respectively. The list is not exhaustive of the factors that may affect B2Gold’s forward-looking statements
B2Gold’s forward-looking statements are based on the applicable assumptions and factors management
considers reasonable as of the date hereof, based on the information available to management at such time.
These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold’s
ability to carry on current and future operations, including: the timing, extent, duration and economic
viability of such operations, including any mineral resources or reserves identified thereby; the accur acy
and reliability of estimates, projections, forecasts, studies and assessments; B2Gold ’s ability to meet or
achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for
outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals
or permits; the ability to meet current and future obligations; the ability to obtain timely financing on
reasonable terms when required; the current and future social, economic and pol itical conditions; and
other assumptions and factors generally associated with the mining industry.
B2Gold’s forward-looking statements are based on the opinions and estimates of management and reflect
their current expectations regarding future events and operating performance and speak only as of the date
hereof. B2Gold does not assume any obligation to update forward -looking statements if circumstances or
management’s beliefs, expectations or opinions should change other than as required by applicable la w.
There can be no assurance that forward -looking statements will prove to be accurate, and actual results,
performance or achievements could differ materially from those expressed in, or implied by, these forward-
looking statements. Accordingly, no assura nce can be given that any events anticipated by the forward -
looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will
derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking
statements.