| --- | --- | |--------|-------------------------------------------------| | | | | | 'WE KNEW THIS WAS GOITO BE A DIFFICULT YEAR | | | | | MINING | CLIVE JOHNSON | | | 'WE KNEW THIS WAS (HO | | | TO BE A DIFFICULT YEA | | | | | | CLIVE JOHNSON | Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was cofounder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae ...

Company Performance - B2Gold (BTG) closed at $3.31, reflecting a +1.53% change from the previous day, underperforming the S&P 500 which gained 1.7% [1] - Over the past month, B2Gold shares increased by 12.8%, outperforming the Basic Materials sector's gain of 1.1% and the S&P 500's gain of 1.27% [1] Earnings Forecast - The upcoming earnings report for B2Gold is anticipated, with projected earnings per share (EPS) of $0.05, unchanged from the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast earnings of $0.27 per share and revenue of $1.92 billion, indicating declines of -3.57% and -0.81% respectively compared to the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for B2Gold are important, as positive revisions indicate optimism regarding the company's business and profitability [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks producing an average annual return of +25% since 1988 [5] - Currently, B2Gold holds a Zacks Rank of 3 (Hold), with the consensus EPS projection decreasing by 2.58% in the past 30 days [5] Valuation Metrics - B2Gold has a Forward P/E ratio of 12.07, which is lower than the industry average Forward P/E of 16.15 [6] - The company also has a PEG ratio of 0.51, compared to the Mining - Gold industry average PEG ratio of 0.66 [6] Industry Overview - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 137, placing it in the bottom 46% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Thomas Demarczyk Introduction As gold prices have risen this year, reaching record highs surpassing $2,500, investors in gold miners have been rewarded, with the VanEck Gold Miners ETF (GDX) up over 18% year to date. However, not every miner has performed so well. B2Gold (NYSE:BTG), headquartered in Vancouver, and with three operational mines in Namibia, Mali, and the Philippines, has underperformed, with the shares flat year to date. Operations this year have been impacted by a delay in getting an explorat ...

VANCOUVER, British Columbia, Sept. 11, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has agreed to terms (the "Agreement") with the State of Mali (the "State") in connection with the ongoing operation and governance of the Fekola Complex, including the development of both the underground project at the Fekola Mine (owned 80% by B2Gold and 20% by the State of Mali) and Fekola Regional. The Fekola Complex is comprised ...

MIAMI, Sept. 9, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ: LAUR) (the "Company") today announced that its management team will host one-on-one and small group meetings at the BTG Pactual Latam CEO Conference (the "Conference") taking place from October 8 to October 10, 2024, at the InterContinental New York Barclay Hotel. Conference participation is by invitation only and registration is mandatory. For more information on the Conference or to schedule a one-on-one or small group meeting with the ...

From a valuation perspective, the B2Gold Corp (BTG) stock remains attractive. The company is trading at a forward price/earnings of 6.44x, lower than the industry's average and 39% below its five-year median. BTG currently has a Value Score of A. The stock also remains attractively valued compared with its peers like Eldorado Gold (EGO) and IAMGOLD (IAG) . Zacks Investment Research Image Source: Should you consider buying the BTG stock based on its attractive valuation? Let's dig deeper. B2Gold Lags Industr ...

Shares of B2Gold Corp (BTG) have dipped 10.5% since reporting second-quarter 2024 results on Aug 8. The decline was caused by lower-than-expected earnings and a reduced guidance for 2024, attributed an excavator damage at its Fekola mine. This incident is expected to delay the mining of higher-grade ore from Phase 7 of the Fekola pit in the second half of 2024. The gold miner thus anticipates a production loss of 50,000 ounces from Fekola. It, therefore, trimmed the total production outlook for 2024. The BT ...

Max Zolotukhin/iStock via Getty Images Investment thesis My initial bullish thesis about B2Gold (NYSE:BTG) did not age well as the stock saw a big sell off on Friday after the Q2 earnings release. Today I want to review the earnings release and share my insights because I believe that after-earnings sell-off is not justified. I think that Q2 earnings release was solid as the company demonstrated revenue growth higher than consensus estimates. Moreover, the company's key profitability metrics are expanding, ...

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. ...