B2Gold Releases its Annual Responsible Mining Report – Raising the Bar
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News Release
B2Gold Releases its Annual Responsible Mining Report – Raising the Bar
Vancouver, BC, June 10, 2021 – B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G)
("B2Gold" or the "Company") is pleased to announce that it has published its fifth annual Responsible Mining
Report entitled “Raising the Bar” (the “Report”), which details B2Gold’s global economic contributions and
its environmental, social, and governance management practices, together with the Company’s performance
against key indicators in 2020. Full details are outlined in the Report, which is available to view or download
at www.b2gold.com. All dollar figures are in United States dollars unless otherwise indicated.
In announcing the release of the 2020 Responsible Mining Report, Clive Johnson, President & CEO of
B2Gold, said that “for B2Gold and the world, 2020 was an unprecedented year. The outbreak of the COVID-
19 pandemic has altered the way we all live and work, and I could not be more proud of the way that our
teams across the globe were able to meet and exceed all expectations and deliver another successful year.”
Highlights from 2020 “Raising the Bar” Responsible Mining Report
Economic Contribution
As a responsible gold miner, B2Gold aims to create and distribute economic value among our stakeholders.
Our economic performance is measured by the economic value that we generate for others, including
payments to governments through taxes and royalties, local hiring and procurement, and investment in
communities. In 2020, B2Gold:
• recorded annual gold production for the 12th consecutive year;
• generated $1.8 Billion in Annual Revenue;
• paid $145 million as Employee Wages and Benefits;
• spent $14.4 million on Community Investment; and
• paid $419 million to Governments (through taxes and royalties).
B2Gold is committed to maximizing local and national economic benefits from its contracting and purchasing.
In sourcing the goods and services necessary to run its operations, B2Gold gives preference to local businesses
where possible, provided they meet minimum safety, quality, ethical, and cost requirements . Several 2020
success stories are outlined in the Report.
People
As a reputable employer, B2Gold generates opportunities for people to develop their careers; trains employees
to acquire new skills; and open s doors to women, minorities, and previously- disadvantaged people. In a
contracting world economy due to COVID-19, the social return on investment in the mining industry is now
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more important than ever. B2Gold is proud to continue positive contributions to the livelihoods of its
employees and their families during this challenging time.
At the end of 2020, B2Gold employed 4,2991 people across all of its operations, 95% of which were local
employees. Where the Company operates abroad, 55% of senior management is local . B2Gold continues to
maintain high local employment rates by targeting recruitment efforts at local and national levels.
B2Gold saw a slight increase in female representation in 2020, with 13.4% of its total workforce being female
(12% in 2019), and 23% of its senior positions being occupied by women. A Diversity and Inclusion Statement
was implemented in 2020 with an executive champion to drive this important work. Moving forward, the
Company will broaden its diversity focus beyond gender and, as such, this important wor k has evolved into
an Equity, Diversity, and Inclusion (EDI) Strategy. During a challenging time of lockdowns, quarantines, and
changing work arrangements, B2Gold focused on including diverse voices in decision-making processes and
providing equal access to benefits and support.
Health and Safety
In 2020, the COVID-19 pandemic presented new challenges to the Company’s goal of ensuring the ongoing
health and safety of its workforce. Through the proactive efforts and the early targeted actions of B2Gold’s
senior leadership team, health and safety teams, and epidemiological advisors, the Company was able to
significantly mitigate and effectively manage the negative health and safety impacts of COVID -19 on its
employees, operations, and the communities in which it operates.
B2Gold is pleased to report that in 2020, it once again maintained a zero -fatality workplace for the fifth
consecutive year. Over this same period, B2Gold reduced its annual consolidated Lost Time Injury (LTI)
Frequency Rate by 93% – from 0.83 in 2016 to an all -time low of 0.06 in 2020. This performance reflects
B2Gold’s longstanding commitment to continuous safety improvement. The Company’s target for 2021 is to
again have zero fatalities and for each operation to reduce its Total Recordable Injury (TRI) Frequency Rate
from 2020 levels.
Environment
B2Gold is continuing to implement its 2020 to 2023 Environmental Strategic Plan ( the “Strategic Plan”),
which identifies key environmental aspects and defines specific objectives and targets for B2Gold’s
operations. The Strategic Plan provides a road ma p for improved environmental risk management and
performance in line with the overall Company strategy.
B2Gold recognizes that society, including business, must act against climate change and it is implementing a
series of changes within the Company as a key aspect of the Strategic Plan. The strategy focuses on assessing
and reducing the Company’s carbon footprint, incorporating climate change risk management into business
planning/design, and increasing its external reporting and accountability. B2Gold will publish its first Energy
and Climate Report in the second half of 2021, in line with the FSB TFCD Climate Disclosure
Recommendations.
B2Gold is proud to be an industry leader in the implementation of renewable energy solutions to actively
1 Employee total includes Gramalote Colombia Limited employees. It a lso includes supervised contracted labour but does not include unsupervised
contractor employees. The reported numbers include full-time and part-time permanent employees as well as temporary employees.
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manage our emissions. The Company’s Otjikoto operation in Namibia maintains a fully autonomous hybrid
power plant (consisting of 6 MW solar and 24 MW H eavy Fuel Oil (H FO) components), which eliminated
over 17,000 tonnes of carbon dioxide equivalent ( CO2e) emissions in 2020. Following the success of the
Otjikoto hybrid power plant, B2Gold commenced the construction of a similar hybrid plant (consisting of 30
MW solar and 64 MW HFO components) at its Fekola operation in Mali in 2020. The Company expects that
solar production will reach full capacity by the end of the second quarter of 2021. When complete, the Fekola
hybrid power plant will be one of the largest off-grid facilities of its type in the world and is expected to reduce
the operation’s annual HFO fuel consumption by approximately 13.1 million litres, keeping approximately
39,000 tonnes of CO2e from being released per year.
Throughout 2020, B2Gold continued its biodiversity conservation programs at its various sites around the
world. Download our full Report and read more about our Chimpanzee Action plan in Mali, the Rhino Gold
Bar initiative in Namibia, and the “Ridge to Reef” rehabilitation concept in the Philippines.
Approach to Reporting
Since 2016, B2Gold has reported its economic and environmental, social and governance (ESG) performance
in alignment with the Global Reporting Initiative Standards, Core option and the G4 Mining and Metals
Sector Disclosures. B2Gold’s performance is also mapped to the United Nations Sustainable Development
Goals (SDGs). The Company firmly believe s that the mining industry has an opportunity to contribute
positively to the SDGs and B2Gold has reported its contribution in this regard since 2018.
In 2020, the Company updated its approach to reporting against the SDGs in alignment with the GRI and UN
Global Compact’s An Analysis of the Goals and Targets. As part of this process, B2Gold reviewed the targets
developed for each SDG to identify those targets which are most applicable to the Company, as well as
possible business actions to help achieve them.
COVID-19 Response Statement
From the onset of the COVID -19 pandemic, the Company put measures in place and introduced additional
precautionary steps to manage and respond to the risks associated with COVID-19 to ensure the safety of its
employees and surrounding communities.
B2Gold has worked closely with national and local authorities in each country where it operates to ensure
compliance with all public directives. Since the start of the pandemic, all B2Gold corporate personnel travel
has been restricted to absolute minimum requirements and employees in the corporate offices have been
encouraged to work remotely. In Mali, Namibia, the Philippines, Colombia and Canada, B2Gold provided
approximately $4 million in financial assistance to the local communities and the local and national authorities
in response to the COVID-19 pandemic. Please read the Report for more detail.
The Company continues to address the COVID-19 pandemic in 2021. The pandemic continues to present new
challenges, as COVID-19 cases surge again in different parts of the world at different times. Government and
the private sector, including non- governmental organizations (NGOs) and the mining industry, must work
together to ensure continued success around the globe in recovering from this public health crisis.
To view or download a copy of the R eport, please visit www.b2gold.com/responsible-mining/esg-
reporting-portal/.
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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, Colombia, Burkina Faso, Finland and
Uzbekistan. B2Gold forecasts total consolidated gold production of between 970,000 and 1,030,000 ounces
in 2021.
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.
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 30, 2021 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 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, revenues and cash flows, and capital costs (sustaining
and non- sustaining) and operating costs, including projected cash operating costs and AISC, and budgets on a
consolidated and mine by mine basis; the impact of the COVID -19 pandemic on B2Gold's operations, including any
restrictions or suspensions with respect to our operations and the effect of any such restrictions or suspensions on our
financial and operational results; the ability of the Company to successfully maintain our operations if they are
temporarily suspended, and to restart or ramp- up these operations efficiently and economically, the impact of COVID -
19 on the Company's workforce, suppliers and other essential resources and what effect those impacts, if they occur,
would have on our business, our planned capital and exploration expenditures; future or estimated mine life, metal price
assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; st atements
regarding anticipated exploration, drilling, development, construction, permitting and other activities or achievements
of B2Gold; and including, without limitation: total consolidated gold production of between 970,000 and 1,030,000
ounces in 2021; and the anticipated cost, timing and results for the addition of a solar plant to the Fekola Mine, including
the completion of construction by the end of the second quarter of 2021. 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.
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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
effectiveness of preventative measures and contingency plans put in place by the Company to respond to the COVID -19
pandemic, including, but not limited to, social distancing, a non- essential travel ban, business continuity plans, and
efforts to mitigate supply chain disruptions; escalation of travel restrictions on people or products and reductions in the
ability of the Company to transport and refine doré; 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 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, Colombia
and Burkina Faso and including risks rel ated to changes in foreign laws and changing policies related to mining and
local ownership requirements or resource nationalization generally, including in response to the COVID -19 outbreak;
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 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 risk of an uninsurable or uninsured loss; adverse
climate and weather conditions; litigation risk; competition with other mining companies; community supp ort 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 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 t he 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 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, p rojections, 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 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
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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.