The earnings call was largely positive, with operational successes, financial stability, and strategic milestones achieved, particularly in the Mali region and at Goose Mine. Despite minor challenges with gold shipment timing and Goose Mine CapEx overruns, the company's outlook remains strong.

Company Guidance -

Q3 2025

During the B2Gold Corporation's Second Quarter 2025 Financial Results Conference Call held on August 8, 2025, the company provided a robust operational and financial update. They reported strong performance across their Fekola, Masbate, and Otjikoto mines, which exceeded production expectations and resulted in lower-than-anticipated cash operating costs per ounce. The newly constructed Goose Mine marked a significant milestone with its inaugural gold ore production, and commercial production is anticipated by September 2025. Financially, B2Gold reported adjusted earnings of $0.12 per share, with operating cash flow for the quarter at $301 million. The company maintained a solid balance sheet with $308 million in cash and cash equivalents and an undrawn $800 million revolving credit facility. B2Gold reiterated its production guidance for 2025, expecting between 970,000 and 1,075,000 ounces, with Goose contributing 120,000 to 150,000 ounces. The consolidated cash cost guidance was revised to $795-$855 per ounce, reflecting operational efficiencies. The call highlighted B2Gold's strategic focus on growth and shareholder value, with continued exploration programs aimed at extending mine life.

Operational Success Across Mines

Fekola, Masbate, and Otjikoto mines exceeded production expectations, resulting in lower-than-expected cash operating costs per ounce. The operations are on track to meet annual guidance.

Goose Mine Milestone

The newly constructed Goose Mine celebrated its inaugural gold ore. The ramp-up to commercial production is expected by September 2025.

Mali Underground Operations Approval

State of Mali granted approval for underground operations at Fekola. The company expects to receive an exploitation license for the Fekola region in Q3 2025.

Strong Financial Position

Operating cash flow before working capital adjustments was $301 million in Q2. The company maintained $308 million in cash and equivalents and had full access to an $800 million revolving credit facility.

Improved Cash Cost Guidance

Consolidated cash cost guidance range for Fekola, Masbate, and Otjikoto reduced to $740-$800 per ounce, down from $835-$895.

B2Gold (BTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.16 / -	0.02	―	―	―
Aug 07, 2025	2025 (Q2)	0.13 / 0.12	0.06	100.00% (+0.06)	―
May 07, 2025	2025 (Q1)	0.08 / 0.09	0.06	50.00% (+0.03)	―
Feb 19, 2025	2024 (Q4)	0.06 / 0.01	0.07	-85.71% (-0.06)	―
Nov 06, 2024	2024 (Q3)	0.05 / 0.02	0.05	-60.00% (-0.03)
Aug 08, 2024	2024 (Q2)	0.07 / 0.06	0.07	-14.29% (-0.01)	―
May 07, 2024	2024 (Q1)	0.05 / 0.06	0.1	-40.00% (-0.04)
Feb 21, 2024	2023 (Q4)	0.08 / 0.07	0.11	-36.36% (-0.04)
Nov 08, 2023	2023 (Q3)	0.06 / 0.05	0.03	66.67% (+0.02)	―
Aug 02, 2023	2023 (Q2)	0.07 / 0.07	0.04	75.00% (+0.03)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$3.83	$3.58	-6.53%
May 07, 2025	$3.07	$3.00	-2.28%
Feb 19, 2025	$2.62	$2.77	+5.73%
Nov 06, 2024	$3.10	$2.97	-4.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does B2Gold Corp (BTG) report earnings?

B2Gold Corp (BTG) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is B2Gold Corp (BTG) earnings time?

B2Gold Corp (BTG) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BTG EPS forecast?

BTG EPS forecast for the fiscal quarter 2025 (Q3) is 0.16.

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