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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:07 EDTBTGB2Gold announces Otjikoto mine construction remains on budget
Construction of the Otjikoto open pit gold mine remains on schedule to commence gold production in late 2014. All major excavations on the project are complete and the only substantial earthworks project remaining is the relocation of a gravel district road. More than 16,000 cubic metres of concrete have been poured and less than 10% of the total volume remains outstanding. Steel erection continues on site and millwrights are currently installing the crusher and milling circuits. All material earthworks in the tailings pond have been completed and water has been captured from the rainy season to start the mill. Total employees and contractors on site now totals approximately 1,000.
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April 15, 2015
18:08 EDTBTGB2Gold reports Q1 consolidated gold production 115,859 ounces
First quarter highlights include: Record quarterly consolidated gold production of 115,859 ounces, including 18,815 ounces of pre- commercial production from Otjikoto, 20% greater than in the same period in 2014; Record gold sales of 114,799 ounces, or 133,265 ounces including 18,466 ounces of pre-commercial sales from Otjikoto; Gold revenue of $138.9M, or a record of $162M including $23.1M of pre- commercial sales from Otjikoto; New Otjikoto Mine in Namibia successfully transitioned into production, achieving commercial production one month ahead of schedule on February 28, 2015; Otjikoto mill expansion from 2.5M tonnes per year to 3M tonnes per year remains on schedule, expecting to increase gold production starting in September 2015; Company is on track to meet its 2015 guidance of 500,000 to 540,000 ounces of gold production at cash operating costs between $630 to $660 per ounce and all-in sustaining costs between $950 and $1,025 per ounce; In Mali, the Fekola Project feasibility study is well underway with completion expected in the second quarter of 2015; Road construction and site earthworks commenced in February 2015.

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