(Kitco News) – B2Gold (TSX: BTO) (NYSE AMERICAN: BTG) announced Friday that its Board of Directors (the “Board”) has declared a cash dividend for the second quarter of 2021 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on June 30, 2021, to shareholders of record as of June 22, 2021.
According to the company’s statement, as part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly dividends at the same level.
This dividend is designated as an “eligible dividend” for the purposes of the Income Tax Act (Canada). Dividends paid by B2Gold to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
The company said that the declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the Board, and that there can be no assurance that any dividends will be paid at the intended rate or at all in the future.
B2Gold forecasts total consolidated gold production of between 970,000 and 1,030,000 ounces in 2021.
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali, Colombia, Burkina Faso, Finland and Uzbekistan.