The earnings call reflects a positive outlook with strong financial performance and significant progress in key projects such as Goose and Fekola. Despite previous operational challenges and capital expenditure issues, the company is on a solid growth path, supported by favorable market conditions and strategic developments.

Company Guidance -

Q2 2025

During the first quarter of 2025, B2Gold Corporation reported strong operational and financial performance, highlighted by adjusted earnings of $0.09 per share and operating cash flow of $244 million. The Goose construction project progressed as planned, with $136 million spent in the quarter out of a CAD1.54 billion budget, and the project is on track for a first gold pour in Q3 2025. The Fekola mine resumed normal operations after previous equipment issues, and the company received positive news from the Malian government regarding the consolidation of permits for the Fekola regional project, which could add 180,000 ounces annually. Additionally, B2Gold continues to advance other strategic projects, including the Gramalote feasibility study, expected by June, and anticipates a potential annual production increase to 720,000 ounces with contributions from Goose, Fekola, and Gramalote. The company maintains a robust balance sheet with $330 million in cash and a fully undrawn $800 million revolving credit facility, providing significant financial flexibility.

Strong Financial Performance

The company generated $0.09 per share of adjusted earnings, with basic earnings per share at $0.04, highlighting the cash generation potential of operating assets. Operating cash flow before working capital adjustments was $244 million.

Positive Developments at Goose Project

Construction at Goose is tracking to plan with significant progress. The project is set to transition into operations, with first gold expected in Q2 and ramp-up to commercial production in Q3.

Fekola Regional Permit Progress

The council ministers approved a decree for a consolidated land package, allowing the submission of an exploitation permit application with a potential turnaround time of 30 to 60 days.

Strong Start in Mali

Mali had a strong quarter, exceeding gold production expectations with lower all-in-sustaining costs and an increase in mill feed grade over the year.

Improved Operations at Masbate and Otjikoto

Masbate operations continue to perform well, nearing 2,300 days without an LTI, while Otjikoto is advancing the Antelope deposit towards a development decision in Q3.

B2Gold (TSE:BTO) 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

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TSE:BTO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	0.18 / -	0.083	―	―	―
May 07, 2025	2025 (Q1)	0.10 / 0.12	0.083	50.00% (+0.04)	―
Feb 19, 2025	2024 (Q4)	0.09 / 0.01	0.096	-85.71% (-0.08)	―
Nov 06, 2024	2024 (Q3)	0.07 / 0.03	0.069	-60.00% (-0.04)
Aug 08, 2024	2024 (Q2)	0.10 / 0.08	0.096	-14.29% (-0.01)	―
May 07, 2024	2024 (Q1)	0.07 / 0.08	0.138	-40.00% (-0.06)
Feb 21, 2024	2023 (Q4)	0.11 / 0.10	0.152	-36.36% (-0.06)
Nov 08, 2023	2023 (Q3)	0.09 / 0.07	0.041	66.67% (+0.03)	―
Aug 02, 2023	2023 (Q2)	0.09 / 0.10	0.055	75.00% (+0.04)	―
May 09, 2023	2023 (Q1)	0.10 / 0.14	0.083	66.67% (+0.06)	―

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

TSE:BTO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	C$4.26	C$4.18	-1.88%
Feb 19, 2025	C$3.73	C$3.91	+4.77%
Nov 06, 2024	C$4.29	C$4.13	-3.87%
Aug 08, 2024	C$3.65	C$3.23	-11.55%

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 (TSE:BTO) report earnings?

B2Gold Corp (TSE:BTO) is schdueled to report earning on Aug 07, 2025, After Close (Confirmed).

What is B2Gold Corp (TSE:BTO) earnings time?

B2Gold Corp (TSE:BTO) earnings time is at Aug 07, 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 TSE:BTO EPS forecast?

TSE:BTO EPS forecast for the fiscal quarter 2025 (Q2) is 0.18.

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