B2gold Corp. · TSX:BTO

B2gold — Investor Day (November 2018)

12 slides from B2gold's investor day presentation, November 2018

  1. Slide 1: 45

    45

  2. Slide 2: Fekola Operations

    FEKOLA OPERATIONS 46

  3. Slide 3: Fekola Project Parameters

    FEKOLA PROJECT PARAMETERS 47 Optimized feasibility study (June 2015): • 9.5-year mine life at a 32 Mtpa mining rate including pre-stripping • Initial 6 stages: o Average annual gold production of 350 Koz first 7 years o Strip ratio of 4.3:1 4 Mtpa mill throughput increased to 5 Mtpa during construct

  4. Slide 4: Fekola Construction

    FEKOLA CONSTRUCTION 48 Same in-house construction team that successfully built 5 mines to date for Bema Gold and B2Gold on budget and on, or ahead of, schedule Fekola construction was completed in September 2017 on budget and more than 3 months ahead of schedule Fekola was constructed almost entirel

  5. Slide 5: Construction

    FEKOLA CONSTRUCTION 49

  6. Slide 6: Fekola Mine: Mali

    FEKOLA MINE: MALI 50 OPEN PIT Ownership1 80% Probable gold reserves2 2.92 Moz GOLD PRODUCTION Indicated gold resources2 3.95 Moz YTD 2018: Q1 2018 114,142 oz Inferred gold resources2 0.23 Moz 333,788 oz (Fekola) 2018 ANNUAL Q2 2018 112,644 oz Inferred gold resources2 (Anaconda) 2019 E gold productio

  7. Slide 7: Fekola Production: Q4 2017 - Q4 2018

    FEKOLA PRODUCTION: FOURTH QUARTER (“Q4”) 2017 - Q4 2018 51 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 est 2018 est MINE Ore tonnes 2,664,904 1,412,979 1,898,355 1,458,848 1,500,000 6,200,000 Grade (g/t) 2.72 2.37 1.46 1.97 2.40 - 2.50 2.0 - 2.1 Waste tonnes 3,872,301 7,917,668 8,097,464 8,308,806 7,500

  8. Slide 8: Fekola Mining

    FEKOLA MINING 52 2018 PIT EXTENSION PHS to PH7 MINED Q3 2018

  9. Slide 9: Fekola Operations 2019: Summary

    FEKOLA OPERATIONS 2019: SUMMARY 53 Annual production guidance is1 Capital expenditures will include: capitalized rebuilds of mining fleet and the purchase (by 415 Koz to 425 Koz equipment loans) of 6 new 777 haul trucks Milling will average Major capital projects: 5.75 Mtpa: • Construction of New Fa

  10. Slide 10: Mining

    MINING }-54

  11. Slide 11: Mining

    MINING 55

  12. Slide 12: Plant

    PLANT 56

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