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 ...

Investment Thesis - The recent sell-off of B2Gold (BTG) stock post-Q2 earnings release is considered unjustified as the earnings report showed solid revenue growth exceeding consensus estimates [2][3] - Key profitability metrics are expanding, indicating strong operating leverage, and the company maintains a clean balance sheet with a compelling 6.5% dividend yield [2][3] - Favorable industry trends, including high gold prices and geopolitical factors, suggest sustained demand for gold, which benefits BTG [2][6][8] - The stock is attractively valued with a potential upside of 31% [2][15] Recent Developments - BTG reported a 4.6% year-over-year revenue increase, marking a return to growth after two consecutive quarters of decline [3] - Operating margin improved from approximately 34% to 38.5% year-over-year, enhancing profitability [3] - The company has $466 million in cash and minimal debt, reinforcing its financial stability [4][3] Balance Sheet Overview - Total cash stands at $466.84 million, with a total debt of $40.51 million, resulting in a net debt position of -$426.33 million [4] - The current ratio is 2.93, indicating strong liquidity, while the debt-to-equity ratio is only 1.05% [4] Cost Structure - Total consolidated cash operating costs per gold ounce produced were $839, aligning with the lower end of the annual guidance range [5] - Consolidated all-in sustaining costs per gold ounce sold were $1,267, which is below the annual guidance range [5] Industry Outlook - Gold prices are at all-time highs, with analysts predicting potential increases up to $3,000 per ounce due to ongoing geopolitical tensions and economic uncertainties [6][8] - The geopolitical landscape, including the Russia-Ukraine conflict and tensions in the Middle East, is expected to sustain high gold prices, benefiting BTG [8] Valuation Metrics - BTG's share price has declined by 19% over the past year, presenting attractive valuation ratios compared to sector medians and historical averages [11] - The fair value per share is calculated at $3.24, indicating a 31% upside from the current price [15] Dividend Outlook - BTG offers a forward dividend yield of 6.5%, with expectations for dividend growth supported by strong financial performance and a solid balance sheet [13][15]

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) | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------|--------------|------------------------------------ ...