B2Gold Corp. (NYSE:BTG) Q1 2023 Results Conference Call May 10, 2023 1:00 PM ET
Company Participants
Clive Johnson - President and Chief Executive Officer
Michael Cinnamond - Senior Vice President and Chief Financial Officer
William Lytle - Senior Vice President and Chief Operating Officer
Victor King - Senior Vice President of Exploration
Dennis Stansbury - Senior Vice President of Engineering and Project Evaluations
Conference Call Participants
Ovais Habib - Scotiabank
Ralph Profiti - Eight Capital
Justin Stevens - PI financial
Don DeMarco - Nation Bank Financial
Stephen Green - TD Cowan
Harmen Puri - Bank of America Securities
Operator
Good day and thank you for standing by. Welcome to the B2Gold First Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your speaker today, Mr. Clive Johnson, President, CEO and director. Please go ahead.
Clive Johnson
Good morning and good afternoon, wherever we are everyone. And thanks for joining us. We are here today of course to talk about the B2Gold Q1 2023 operational and financial results, we had another strong quarter of operating performance which led to some very positive financial results.
Mike Cinnamond, or CFO is going to walk you through that, and then Bill Lytle, our COO is going to update us on the Back River project the status of apps, and talk a bit about the Fekola Complex expansion projects looking on, and then Victor King, Senior VP of Exploration will talk to us a little bit about exploration plans for backward route just approves a large exploration budget. And we will also update the progress in terms of exploration in the Fekola Complex. And then we will open up for questions after that.
So with that, I will hand it over to Mike Cinnamond.
Michael Cinnamond
Thanks Clive. So I will walk you through the operating results first and the cash flows. On the revenue side, we sold 4,000 ounces more than we budgeted so a total of 249,000 ounces from our operating mines.
And good news is we had an average price of just over $1,900 for the Q. When we budgeted we had 1,700, so we are very happy to see that 200 bucks plus announced and obviously gold prices continue to increase as you know today.