B2Gold Releases its Eighth Annual Responsible Mining Report and its Third Annual Climate Strategy Report

3 June 2024

VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) --  B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has published its eighth 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 2023. Full details are outlined in the Report, which is available to view or download at the link provided below. All dollar figures are in?United States?dollars unless otherwise indicated. 

B2Gold is also pleased to announce that it has published its third annual Climate Strategy Report. The 2023 Climate Strategy Report is the Company’s third annual report in line with the recommendations of the Task Force on Climate-related Financial Disclosures. The Climate Strategy Report presents stakeholders with an understanding of how B2Gold takes action to manage its climate impacts and climate-related risks.

To view or download a copy of the Responsible Mining Report and Climate Strategy Report and all other documents referred to in this press release, please visit?www.b2gold.com/responsible-mining/esg-reporting-portal/. 

In announcing the release of the Report, Clive Johnson, President & CEO of B2Gold, states “As we reflect on the progress and challenges of 2023, B2Gold continues to stand firm in its dedication to responsible mining, a principle that has been the foundation of our identity for over a decade and a half. This year, amidst the evolving dynamics of global markets and environmental challenges, our commitment to sustainability, innovation, and community engagement has never been more critical. We have leveraged our core values of fairness, respect, transparency and accountability, not just as guiding principles, but also as actionable frameworks that inform our strategic business decisions and operational practices.”

Highlights from the 2023 "Raising the Bar" Responsible Mining Report 

Economic Contribution 

As a responsible gold miner, B2Gold aims to create and distribute economic value among its stakeholders. The Company’s successful business results in 2023 are celebrated by its shareholders along with the many stakeholders in the countries, regions and communities where it operates. B2Gold’s economic performance is measured by the economic value that it generates for others, including payments to governments through taxes and royalties, local hiring and procurement and investment in communities. In 2023, B2Gold: 

  • Achieved an eighth consecutive year of meeting or exceeding annual production guidance, with total gold production of 1,061,060 ounces (including 68,717 ounces of attributable production from Calibre Mining Corp.); 
  • Generated $1.9 billion?in annual revenue; 
  • Paid?$193 million?in employee wages and benefits; 
  • Invested?$10.7 million?in its local communities; and 
  • Paid?$435 million?to governments (through taxes and royalties). 

B2Gold is committed to maximizing local and national economic benefits from its contracting and purchasing. The Company is conscious of the high priority that host communities and governments place on local procurement. In sourcing the goods and services necessary to run its operations, preference is given to local businesses where possible, provided they meet minimum safety, quality, ethical and cost requirements. In 2023, over $600 million of goods and services were procured from local and host-country businesses.?Several 2023 success stories are outlined in the Report.