The Vancouver gold miner expects production in 2014 to be in the range of 395,000 to 420,000 ounces of gold with consolidated cash operating costs of $667 to $695 per ounce, similar to 2013 production.
For the second-quarter, consolidated gold production in the quarter was 85,704 ounces, up from 82,083 ounces year-over-year.
B2Gold reported a quarterly net loss of $11.5 million, or a loss of two cents per share, compared with net income of $33.1 million, or five cents per share, in the same quarter of 2013 which included a $44.5 million gain related to a royalty sale.
Excluding one-time items, adjusted net income was $2.1 million, or no earnings per share, compared with $7.8 million, or one cent per share, in the same period of 2013.
Gold revenue for the quarter was at $120.3 million on sales of 93,330 ounces at an average realized price of $1,289 per ounce. That compares with $122.6 million on sales of 86,239 ounces at an average realized price of $1,422 per ounce in the second quarter of 2013.
In the quarter, B2Gold announced it would buy Australia's Papillon Resources in an all-stock deal worth about US$570 million. Papillon is an emerging gold developer in West Africa.
B2Gold Corp. (TSX:BTO) has three operating mines, two in Nicaragua and one in the Philippines, and a portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay.
Note to readers: This is a corrected story. A previous version moved Aug. 14 gave an incorrect description of Papillon.