VANCOUVER, BC, January 19, 2022 /PRNewswire/ - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its total gold production and consolidated gold revenues for the fourth quarter and full-year 2021, in addition to its production and budget guidance for 2022. All dollar figures are in United States dollars unless otherwise indicated.

2021 Gold Production and Revenue Highlights

• Fourth quarter total gold production of 304,897 ounces (including 16,048 ounces of attributable production from Calibre Mining Corp. ("Calibre")) and consolidated gold production of 288,849 ounces from the Company's three operating mines
• Fourth quarter consolidated gold revenues of $526 million on sales of 292,350 ounces at an average realized gold price of $1,800 per ounce
• Record quarterly gold production achieved by the Otjikoto Mine of 78,681 ounces in the fourth quarter
• Record annual total gold production of 1,047,414 ounces (including 59,819 ounces of attributable production from Calibre), marking the thirteenth consecutive year of record annual total gold production
• Consolidated 2021 gold production from the Company's three operating mines of 987,595 ounces, near the top end of its revised guidance range (of between 965,000 – 995,000 ounces) and exceeding the upper end of its original guidance range (of between 920,000 – 970,000 ounces)
• Annual consolidated gold revenues of $1.76 billion on sales of 981,401 ounces at an average realized gold price of $1,796 per ounce
• Record annual gold production achieved by both the Masbate Mine of 222,227 ounces and Otjikoto Mine of 197,573 ounces
• The Company's expects total consolidated cash operating costs (see "Non-IFRS Measures") to be within its guidance range of between $500 and $540 per ounce and total consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") to be at the upper end of its guidance range of between $870 and $910 per ounce