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B2Gold (BTO) vs. S&P 500 (SPY)
B2Gold Business Overview & Revenue Model
B2Gold Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.78B | 1.93B | 1.73B | 1.76B | 1.79B | 1.16B | Gross Profit |
| 740.50M | 1.18B | 604.24M | 768.55M | 958.29M | 450.46M | EBIT |
| 601.10M | 327.40M | 162.95M | 714.63M | 606.79M | 121.09M | EBITDA |
| 1.09B | 736.63M | 925.31M | 1.08B | 1.35B | 760.25M | Net Income Common Stockholders |
| 378.58M | 10.10M | 252.87M | 420.06M | 628.06M | 293.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 306.89M | 306.89M | 651.95M | 673.00M | 479.69M | 140.60M | Total Assets |
| 4.87B | 4.87B | 3.68B | 3.56B | 3.36B | 2.68B | Total Debt |
| 180.81M | 180.81M | 57.23M | 75.13M | 110.02M | 261.85M | Net Debt |
| -126.09M | -126.09M | -594.72M | -597.87M | -369.66M | 121.25M | Total Liabilities |
| 964.64M | 964.64M | 569.44M | 600.29M | 701.79M | 631.42M | Stockholders Equity |
| 3.81B | 3.81B | 3.01B | 2.86B | 2.57B | 1.99B |
| Cash Flow | Free Cash Flow | ||||
| 428.34M | -116.78M | 205.47M | 421.79M | 598.07M | 230.81M | Operating Cash Flow |
| 818.76M | 714.45M | 595.80M | 724.11M | 950.64M | 491.97M | Investing Cash Flow |
| -373.60M | -845.34M | -388.78M | -286.28M | -337.96M | -262.79M | Financing Cash Flow |
| -221.08M | -192.51M | -211.28M | -234.23M | -278.87M | -192.06M |
B2Gold Technical Analysis
B2Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $70.09B | 26.83 | 9.10% | 1.66% | 26.99% | -6.63% | |
69 Neutral | $364.12M | 3.21 | 20.51% | ― | 47.02% | ― | |
68 Neutral | $3.11B | 22.11 | 9.75% | ― | 18.32% | ― | |
63 Neutral | $2.92B | ― | -8.41% | 0.76% | -29.09% | -157.10% | |
54 Neutral | $5.10B | ― | -24.08% | 5.99% | -4.17% | -318.18% | |
47 Neutral | $2.64B | -4.00 | -31.55% | 3.33% | 2.93% | -29.90% |
B2Gold Earnings Call Summary
B2Gold Corporate Events
B2Gold Corp. announced it will release its fourth quarter and full year 2024 financial results on February 19, 2025, followed by a conference call on February 20, 2025, to discuss these results. This announcement is a crucial update for stakeholders as it provides insights into the company’s financial performance and strategic direction, impacting investor confidence and market positioning.
B2Gold Corp. completed an upsized offering of convertible senior unsecured notes, raising US$460 million, including an additional US$60 million through an option purchase. The company plans to utilize the funds to manage its working capital and general corporate purposes, initially paying off its revolving credit facility to reduce interest expenses. Additionally, B2Gold entered into a cash settled total return swap for US$50 million of its shares to maintain economic exposure, impacting the market price of its shares and notes.
B2Gold Corp. has announced the pricing of an upsized offering of convertible senior notes, amounting to US$400 million with options for additional purchases. The notes, due 2030, have a conversion rate reflecting a 35% premium over current share prices. The proceeds will initially address the company’s revolving credit facility, aiming to reduce interest expenses, with future uses for general corporate purposes. A total return swap related to the shares was also established, potentially influencing market share prices.
B2Gold Corp. has announced a $350 million offering of convertible senior unsecured notes due in 2030, with an option for an additional $52.5 million. The proceeds will be used to manage working capital and pay down existing credit facilities. The notes will bear a fixed interest rate and can be converted into common shares, with the company entering into a cash settled total return swap to manage share exposure. This strategic financial move is expected to optimize B2Gold’s capital structure and could influence the market price of its shares.
B2Gold Corp. has announced changes to its shareholder return strategy to enhance financial flexibility during its current growth phase. The company is reducing its quarterly dividend from $0.04 to $0.02 per share to support ongoing projects, such as the construction of the Goose Mine and development activities at other sites. This strategic adjustment aims to balance growth initiatives with sustainable dividend payments, ensuring continued shareholder value.
B2Gold Corp. announced a total consolidated gold production of 804,778 ounces for 2024, meeting the lower end of its revised guidance. The Fekola Mine faced production delays, but Masbate and Otjikoto mines outperformed expectations. The company anticipates an increase in production for 2025, projecting between 970,000 and 1,075,000 ounces, and the Goose Project remains on track for first gold production by Q2 2025. Despite the challenges, B2Gold reported strong revenue for Q4 2024 with $500 million generated from gold sales, supporting a positive outlook for the upcoming year.
B2Gold is continuing operations at its Fekola Mine in Mali despite a temporary strike by some employees. The company is managing to maintain its gold production levels while addressing labor issues and aiming for a resolution through dialogue with the workers’ union. B2Gold emphasizes its commitment to employee safety and legal procedures during this period.
B2Gold Corp. reports promising drilling results from its Goose Project in Nunavut, Canada, indicating potential for extended mine life. The exploration at Nuvuyak and Mammoth targets shows significant high-grade gold mineralization, suggesting strong prospects for future underground mining. The 2024 drilling campaign underscores B2Gold’s strategic focus on enhancing its gold resources.
B2Gold Corp reported its Q3 2024 results, highlighting a total gold production of 180,553 ounces, despite challenges at the Fekola Mine. The company remains on track to meet its revised annual gold production guidance, with year-to-date cash operating costs within expectations and all-in sustaining costs below revised projections.