B2Gold reports Q1 EPS 9c, consensus 8c

Reports Q1 revenue $532.1M vs. $461.4M last year. Reports Q1: Gold production of 192,752 ounces. Consolidated gold production in the first quarter of 2025 was 192,752 ounces, higher than expected. All B2Gold (BTG) operations exceeded production budgets in the first quarter, and the Company remains on track to meet its consolidated annual production guidance range. All three operations continue to meet or exceed gold production expectations to start the second quarter of 2025. The Company is pleased with its positive first quarter of 2025 operating and financial results. The Company is on track to meet its 2025 total gold production guidance of between 970,000 and 1,075,000 ounces. The Company’s full year total cash operating costs for the Fekola Complex, Masbate and Otjikoto continue to be forecast between $835 and $895 per gold ounce and total all-in sustaining costs continue to be forecast between $1,460 and $1,520 per gold ounce. Operating cost guidance for the Goose Project for the second half of 2025 will be released in mid-year 2025 following the commencement of gold production.