B2Gold Declares Fourth Quarter 2023 Dividend of $0.04 per Share
News Release
B2Gold Declares Fourth Quarter 2023 Dividend of $0.04 per Share
Vancouver, BC, November 22, 2023 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce that its Board of Directors (the “Board”) has declared
a cash dividend for the fourth quarter of 2023 (the “Q4 2023 Dividend”) of $0.04 per common share (or an
expected $0.16 per share on an annualized basis), payable on December 18, 2023, to shareholders of record
as of December 4, 2023. All dollar figures are in United States Dollars unless otherwise indicated.
The Company has previously implemented a Dividend Reinvestment Plan (“DRIP”). For the purposes of
the Q 4 2023 Dividend, the Company is pleased to announce that a discount of 3% will be applied to
calculate the Average Market Price (as defined in the DRIP) of its com mon shares issued from treasury .
However, the Company may, from time to time, in its discretion, change or elimina te any applicable
discount, which would be publicly announced, all in accordance with the terms and conditions of the DRIP.
Participation in the DRIP is optional. In order to participate in the DRIP in time for the Q4 2023 Dividend,
registered shareholders must deliver a properly completed enrollment form to Computershare Trust
Company of Canada by no later than 4:00 p.m. (Toronto time) on December 1, 2023. 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 well in
advance of the above date for instructions on how to enroll in the DRIP.
As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly
dividends at the same level. 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 o f any such dividends will be subject to
the determination of the Board, in its sole and absolute discretion, taking into account, among other things,
economic conditions, business performance, financial condition, growth plans, expected capital
requirements, compliance with B2Gold’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 C ompany, and any other factors that the Board
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.
For more information regarding the DRIP and enrollment in the DR IP, please refer to the Company’s
website at https://www.b2gold.com/investors/stock_info/.
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.
The Company has filed a registration statement relating to the DRIP with the U.S. Securities and Exchange
Commission and 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.
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, a mine under
construction in northern Canada and numerous development and exploration projects in various countries
including Mali, Colombia and Finland. 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 and Chief Executive Officer
For more information on B2Gold please visit the Company website at www.b2gold.com or contact:
Michael McDonald Cherry De Geer
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.
Production results and 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.
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 paymen t of dividends; projections; outlook; guidance;
forecasts; estimates; statements regarding future or estimated financial and operational performance, gold
production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs,
and including, without limitation: total consolidated gold production of between 1,000,000 and 1,080,000 ounces in
2023. 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", "b udget", "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 est imates 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 o f 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 acquire d 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 a bility 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 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 in puts 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 attr act 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
ability to maintain adequate internal controls over financial reporting as required by law, includ ing 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 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 related to B2Gold's ability to carry on current
and future operations, including: development and exploration activities; the timing, extent, duration and economic
viability of su ch 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; 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 fina ncing 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.