B2Gold Contributes to COVID-19 Relief Efforts in Namibia
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News Release
B2Gold Contributes to COVID-19 Relief Efforts in Namibia
Vancouver, BC, July 22, 2020 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce a contribution of $2 million to assist the Namibian
government’s COVID-19 relief program. This represents one of the largest private sector contributions to
the government’s relief fund. All dollar figures are in United States dollars unless otherwise indicated.
These funds will assist in the purchase of personal protection equipment, food relief packages and hospital
equipment (including ventilators) to assist healthcare and frontline workers dealing with the virus and its
impact on local populations. B2Gold’s support will be channelled through Namibia’s Disaster Relief Fund
which was established under the Emergency Management Unit of the Office of the Prime Minister. The
Unit is responsible for mobilizing resources locally and internationally during a national emergency such
as the COVID-19 pandemic.
In making this announcement, Mr. Clive Johnson, President and CEO of B2Gold, said: “B2Gold is proud
to assist the Namibian government in dealing with the impact of the COVID-19 pandemic. Our contribution
demonstrates B2Gold’s sincere commitment to improve the livelihoods of all Namibians.”
B2Gold has made other important contributions this year towards improving livelihoods in Namibia, in line
with B2Gold’s overall corporate social responsibility strategy. This includes:
• $1.7 million as part of B2Gold’s annual contribution that supports projects in the education,
livelihoods, health, environment an d conservation, and arts and cultur al sectors.
• An initial COVID-19 response contribution of $240,000 in April 2020 that supported both
targeted government interventions and the Development Workshop of Namibia, a non-
governmental organization which operates through the Namibian Chamber of Environment . This
contribution helps fund hygiene, sanitation and f ood security projects in the informal residential
areas of urban townships throughout the country.
B2Gold operates the Otjikoto mine in Namibia and is the largest Canadian investor and the largest gold
producer in the country.
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About B2Gold Corp.
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 , and numerous
exploration and development projects in various countries including Mali and Colombia. In 2020, B2Gold
forecasts consolidated gold production of between 1,000,000 and 1,055,000 ounces.
ON BEHALF OF B2GOLD CORP.
“Clive T. Johnson”
President and Chief Executive Officer
For more information on B2Gold, please visit the Company website at www.b2gold.com or contact:
Ian MacLean Katie Bromley
Vice President, Investor Relations Manager, Investor Relations & Public Relations
+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 statements") within the meaning of applicable Canadian and United
States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other
statements regarding future or estimated financial and operational performance, gold production and
sales; and the impact of the COVID-19 pandemic on B2Gold's operations; statements regarding activities
or achievements of B2Gold including, without limitation: the potential payment of future dividends,
including the timing and amount of any such dividends, and the expectation that quarterly dividends will
be maintained at the same level; consolidated gold production of between 1,000,000 and 1,055,000
ounces in 2020. 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 words 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 duration and extent of the
COVID-19 pandemic; 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 materially 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
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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 Colombia and including risks related to changes in foreign laws and changing policies
related 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;
challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain
skilled personnel; the risk 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 outcome of the ongoing
tax assessment by the Colombian Tax Office (DIAN) in respect of the Gramalote property; 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; 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 securities regulators and the U.S.
Securities and Exchange Commission (the "SEC"), which may be viewed
at www.sedar.com and www.sec.gov, respectively (the "Websites"). 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 relating to
B2Gold's ability to carry on current and future operations, including: the duration and effects of COVID-
19 on our operations and workforce; development and exploration activities; the timing, extent, duration
and economic viability of such operations, including any mineral resources or reserves identified
thereby; the accuracy 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; 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 political 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 law. 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 assurance 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.