B2Gold Declares Third Quarter 2023 Dividend of $0.04 per Share
News Release
B2Gold Declares Third Quarter 2023 Dividend of $0.04 per Share
Vancouver, BC, September 5, 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 third quarter of 2023 (the “Q3 2023 Dividend”) of $0.04 per common share (or an
expected $0.16 per share on an annualized basis), payable on September 29, 2023, to shareholders of record
as of September 21, 2023. All dollar figures are in United States Dollars unless otherwise indicated.
The Company is implementing the previously announced Dividend Reinvestment Plan (“DRIP”)
commencing with the Q3 2023 Dividend. For the purposes of the Q3 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 common shares issued from treasury. However, the Company may, from time to time,
in its discretion, change or eliminate 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 Q3 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 September 14, 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 b y 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, 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 Company, 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 DRIP, please refer to the Company’s news
release dated August 28, 2023. A complete copy of the DRIP is available under the Company’s profile on
SEDAR+ at https://www.sedarplus.ca/landingpage/.
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 and 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.
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 payment 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 rele ase
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 "expec t", "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 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 reserve s 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 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 o 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; challenge s 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 ability to ma intain 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 mo st 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: the timing, ex tent, 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; foreign exchange rates; taxation levels; the timely receipt of necessary approvals
or permits; the ability to meet current and future obl igations; 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.