Financial Data and Key Metrics Changes - The company generated adjusted earnings of $0.06 per share, benefiting from stronger average gold prices during the quarter [9] - Operating cash flow was reported at $62 million after changes in working capital, with $192 million before changes in working capital [9] - Cash and cash equivalents stood at $467 million at the end of Q2 2024, with a small amount of debt mainly related to equipment leases [11] Business Line Data and Key Metrics Changes - Production guidance for Fekola was lowered by approximately 50,000 ounces due to equipment availability issues [3][9] - Consolidated cash costs remained unchanged, with all-in sustaining costs re-guided upwards to between $14.20 and $14.80 per ounce due to reduced production and higher royalties [10] Market Data and Key Metrics Changes - The company maintained its operating guidance range of $835 to $895 per ounce, benefiting from lower fuel prices than budgeted [10] Company Strategy and Development Direction - The company aims to grow through existing assets, including the expansion of Fekola and the development of the Goose mine, which is expected to produce gold by Q2 2025 [7][16] - An aggressive drilling program of approximately $7 million is planned for the Fekola complex to explore further mineralization [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaching an agreement with the government of Mali regarding the 2023 Mining Code, which would facilitate the receipt of an exploitation permit [4][21] - The company views 2024 as a transitional year, with expectations of continued operational performance improvements and growth potential from existing assets [6][40] Other Important Information - An impairment charge was taken related to the Fekola operations, reflecting ongoing discussions with the government regarding the mining code [11][22] - The company is in the final stages of discussions with the government of Mali, which is expected to lead to significant operational advancements [4][23] Q&A Session Summary Question: Impairment charge and negotiations with Mali - The second impairment charge related to Fekola was discussed, with management indicating confidence in reaching a satisfactory agreement with stakeholders [21][22] Question: Updated ASIC guidance and cost expectations - Management clarified that the updated ASIC guidance does not include costs related to regional production for this year, and future cost guidance has not yet been provided [24][25] Question: Equipment availability and cost implications - Management confirmed that equipment availability issues have been addressed, and while costs may increase in Q3, lower fuel costs are expected to offset some of the impacts [31][32] Question: Dividend integrity and liquidity - The company maintains a strong liquidity position with $700 million available on its credit facility and nearly $500 million in cash, ensuring the ability to fund projects and maintain dividends [34][35]

For the quarter ended June 2024, B2Gold (BTG) reported revenue of $492.57 million, up 4.6% over the same period last year. EPS came in at $0.06, compared to $0.07 in the year-ago quarter. ...

VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") announces its operational and financial results for the second quarter of 2024. All dollar figures are in United States dollars unless otherwise indicated. 2024 Second Quarter Highlights Total gold production of 212,508 ounces: Total gold production in the second quarter of 2024 was 212,508 ounces, including 8,267 ounces of attributable production from Calibre Mini ...

B2GOLD CORP. Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2024 (Unaudited) B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30 (Expressed in thousands of United States dollars, except per share amounts) (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------|--------------|------------------------------------ ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Carvana Co. (CVNA) : This used car e-commerce company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days. B2Gold Corp. (BTG) : This gold producer company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days. Newmont Corporation (NEM) : This gold mining company has seen the Zacks Consensus Estimate for its current year earnings ...

B2Gold (BTG) closed the latest trading day at $2.92, indicating a +0.34% change from the previous session's end. This change outpaced the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%. Investors should also take note of any recent adjustments to analyst estimates for B2Gold. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company' ...

B2Gold (BTG) closed the most recent trading day at $2.91, moving +1.04% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 1.64%, and the technology-centric Nasdaq increased by 1.03%. Prior to today's trading, shares of the gold, silver and copper miner had gained 6.27% over the past month. This has outpaced the Basic Materials sector's loss of 2.29% and the S&P 500's loss of 1.16% in that time. Analysts an ...

VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") will release its second quarter 2024 financial results after the North American markets close on Thursday, August 8, 2024. B2Gold executives will host a conference call to discuss the results on Friday, August 9, 2024, at 8:00 am PT / 11:00 am ET. Participants may register for the conference call here: registration link. Upon registering, participants will receive ...

Toll-free in U.S. and Canada: +1 (844) 763-8274 All other callers: +1 (647) 484-8814 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, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland. B2Gold executives will host a conference call to discuss the results on Frid ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: B2Gold Corp. (BTG) : This gold producer has seen the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days. Kinross Gold Corporation (KGC) : This gold-mining company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days. TDK Corporation (TTDKY) : This electronic component company has seen the Zacks Consensus Estimate for its current year earnin ...