B2Gold Corp. Declares Second Quarter 2020 Dividend; Increased by 100% to $0.02 per Share
News Release
B2Gold Corp. Declares Second Quarter 2020 Dividend; Increased by 100% to $0.02 per Share
Vancouver, June 1 2, 2020 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce that its Board of Directors has declared a cash
dividend for the second quarter of 2020 of $0.02 per share, payable on July 7, 2020 to shareholders of
record as of June 23, 2020. All dollar figures are in United States Dollars unless otherwise indicated.
As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly
dividends at the same level which will increase the Company’s annual dividend from $0.04 per share to
$0.08 per share. This dividend is designated as an “eligible dividend” for the purposes of the Income Tax
Act (Canada). Dividends paid by B2Gold to shareholders outside Canada (non -resident investors) will be
subject to Canadian non-resident withholding taxes.
The declaration and payment of future dividends and the amount of any such dividends will be subject to
the determination of the Board of Directors, in its sole and absolute discretion, taking into account, among
other things, economic conditions, business performance, fin ancial condition, growth plans, expected
capital requirements, compliance with the Company’s constating documents, all applicable laws, including
the rules and policies of any applicable stock exchange, as well as any contractual restrictions on such
dividends, including any agreements entered into with lenders to the Company, and any other factors that
the Board of Directors deems appropriate at the relevant time. There can be no assurance that any dividends
will be paid at the intended rate or at all in the future.
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 & 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 o f 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 necess ary 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 mi neral
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 wit h 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 infrastructur e; 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 t errorism 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 uninsu rable 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; c onflicts 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 C ommission (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 B2G old’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 in puts; 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 futu re 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 statem ents. 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.