B2Gold secures $350m revolver

Triple-listed gold producer B2Gold has secured a new $350-million revolving credit facility (RCF) with a syndicate of international banks to repay its existing $200-million RCF, of which $125-million had been drawn as at March 31, and for general corporate purposes. B2Gold, with operations and projects in North and South America, Africa and the Philippines, believed that closing of the new RCF, coupled with strong expected operating cashflows from its existing mine operations, would provide it with enough resources to maintain its operations and fund construction of the Fekola project, in Mali, which was expected to be complete in late 2017 based on current assumptions, including current gold prices.