B2Gold(US:BTG) ZACKS·2025-08-21 17:31Core Insights - B2Gold Corp. (BTG) reported a strong second quarter in 2025 with consolidated gold production of 229,454 ounces, reflecting a 12.3% year-over-year increase and surpassing expectations [1][10] - The Goose Mine achieved its first gold pour on June 30, 2025, with commercial production expected to ramp up in Q3 2025, targeting full-year output between 120,000 and 150,000 ounces [1][10] Production Highlights - The Fekola Mine in Mali was the top contributor, producing 126,361 ounces of gold, a 13% increase year-over-year, and received approval for underground operations [2] - The Masbate Mine in the Philippines produced 50,738 ounces, a 14% increase compared to the same quarter last year, with an expected output of 170,000 to 190,000 ounces in 2025 [3] - The Otjikoto Mine in Namibia produced 51,663 ounces, exceeding expectations with a 7% year-over-year increase, and is projected to produce between 165,000 and 185,000 ounces this year [4] - B2Gold has produced 422,206 ounces so far in 2025, achieving 41% of its targeted range of 970,000 to 1,075,000 ounces for the year [5] Financial Performance - B2Gold forecasts 2025 sales of $3.21 billion, representing a 68.7% year-over-year growth, with earnings per share (EPS) expected to grow by 262.5% to 58 cents [10][13] - The stock has gained 57.8% year-to-date, compared to the Zacks Mining – Gold industry's growth of 72.7% [9] - B2Gold is currently trading at a forward 12-month earnings multiple of 6.43X, which is below the industry average of 13.57X [11] Earnings Estimates - The Zacks Consensus Estimate for B2Gold's 2026 sales is $3.27 billion, indicating a 2.1% year-over-year growth, with EPS expected to grow by 3.20% to 60 cents [13] - EPS estimates for 2025 and 2026 have been trending upward over the past 60 days, with significant revisions noted [14][16]