B2Gold Corporation, an international gold producer headquartered in Vancouver, has declared a cash dividend for the third quarter of 2023 of four United States (US) cents (77 Namibia cents) per common share, payable on 29 September to shareholders on record as of 21 September 2023.
According to a company statement issued by president and chief executive of the company, Clive Johnson, the dividend can be an expected US$0,16 (N$3,08) per share on an annualised basis, and all figures will be in US dollars.
The company has been operating gold mines in Namibia at Otjikoto Mine, in Mali and the Philippines, as well as numerous exploration and development projects in various countries, including Canada, Mali, Finland and Uzbekistan.
B2Gold forecasts total consolidated gold production of between 1 000 000 and 1 080 000 ounces of gold in 2023.
Johnson says the company is implementing the previously announced dividend reinvestment plan (Drip) commencing with the third quarter of 2023’s dividend.
“For the purposes of the third quarter of 2023 dividend, the company is pleased to announce that a discount of 3% will be applied to calculate the average market price (as defined in the Drip) of its common shares issued from treasury,” he says.
As part of the long-term strategy to maximise shareholder value, B2Gold expects to declare future quarterly dividends at the same level.
The declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the board, in its sole and absolute discretion, taking into account, among other things, economic conditions, business performance, financial condition, growth plans and expected capital requirements, Johnson says.
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