B2Gold said its 1c-a-share quarterly dividend was likely to become a 4c annual payout.

Gold sales without the El Limon and La Libertad mines in Nicaragua, sold to Calibre Mining Corp for $100 million during the quarter, totalled $311 million.

B2Gold said year-to-date gold production was also a record at 735,079oz (including El Limon and La Libertad), with full-year output likely to come in at the mid-point of its 935,000-975,000oz guidance range at AISC between $835-875/oz. Year-to-date AISC at continuing operations was $755/oz.

Net income for the first nine months of 2019 was $116 million, or 11c/share.

B2Gold said it expected to have reduced its total outstanding debt to about $260 million at the end of this year, having extinguished $220 million for the year.

The company said gold production "outperformance" seen in the first nine months of 2019 together with increased output from Fekola in Mali were expected to offset the loss of El Limon and La Libertad.

B2Gold's share price (TSX: BTO) is up by more than 40% since the end of May, capitalising the company at about C$4.61 billion.